First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $31.57 and traded as high as $32.55. First Trust Active Factor Small Cap ETF shares last traded at $32.38, with a volume of 6,554 shares trading hands.

First Trust Active Factor Small Cap ETF Stock Down 0.6 %

The stock has a market cap of $11.11 million, a P/E ratio of 9.82 and a beta of 1.14. The company has a 50-day simple moving average of $31.67 and a two-hundred day simple moving average of $30.14.

Hedge Funds Weigh In On First Trust Active Factor Small Cap ETF

Several hedge funds and other institutional investors have recently modified their holdings of AFSM. World Equity Group Inc. bought a new stake in shares of First Trust Active Factor Small Cap ETF in the third quarter worth about $291,000. Stratos Wealth Advisors LLC purchased a new stake in First Trust Active Factor Small Cap ETF in the 3rd quarter worth approximately $401,000. Boyce & Associates Wealth Consulting Inc. grew its position in shares of First Trust Active Factor Small Cap ETF by 20.4% in the 3rd quarter. Boyce & Associates Wealth Consulting Inc. now owns 32,827 shares of the company’s stock worth $1,012,000 after buying an additional 5,569 shares during the last quarter. Finally, Beacon Financial Advisory LLC bought a new stake in shares of First Trust Active Factor Small Cap ETF in the 2nd quarter worth approximately $4,082,000.

About First Trust Active Factor Small Cap ETF

The First Trust Active Factor Small Cap ETF (AFSM) is an exchange-traded fund that mostly invests in small-cap stocks. The fund is an actively managed portfolio of US small-cap companies that exhibit exposure to one or more investing factors. AFSM was launched on Dec 3, 2019 and is managed by First Trust.