IFP Advisors Inc Increases Stake in First Trust Active Factor Large Cap ETF $AFLG

IFP Advisors Inc lifted its holdings in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) by 14.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 121,179 shares of the company’s stock after buying an additional 15,717 shares during the quarter. IFP Advisors Inc owned about 0.75% of First Trust Active Factor Large Cap ETF worth $5,262,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC raised its stake in shares of First Trust Active Factor Large Cap ETF by 14.6% during the 4th quarter. LPL Financial LLC now owns 2,371,161 shares of the company’s stock valued at $92,712,000 after purchasing an additional 302,006 shares during the period. Arax Advisory Partners purchased a new stake in shares of First Trust Active Factor Large Cap ETF in the fourth quarter worth about $20,422,000. Stenger Family Office LLC bought a new position in shares of First Trust Active Factor Large Cap ETF in the first quarter valued at approximately $16,238,000. Assetmark Inc. boosted its position in shares of First Trust Active Factor Large Cap ETF by 33.9% in the first quarter. Assetmark Inc. now owns 411,708 shares of the company’s stock valued at $15,882,000 after acquiring an additional 104,214 shares during the period. Finally, Cetera Investment Advisers boosted its position in shares of First Trust Active Factor Large Cap ETF by 28.5% in the first quarter. Cetera Investment Advisers now owns 385,153 shares of the company’s stock valued at $14,857,000 after acquiring an additional 85,324 shares during the period.

First Trust Active Factor Large Cap ETF Trading Down 0.6%

Shares of NYSEARCA:AFLG opened at $44.47 on Thursday. The company has a 50 day moving average of $44.31 and a 200 day moving average of $42.51. The stock has a market cap of $722.64 million, a P/E ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a 12 month low of $37.40 and a 12 month high of $45.42.

About First Trust Active Factor Large Cap ETF

The First Trust Active Factor Large Cap ETF (AFLG) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed portfolio of factor-focused US large-cap companies seeking capital appreciation. AFLG was launched on Dec 3, 2019 and is managed by First Trust.