Raymond James Financial Services Advisors Inc. Trims Stake in First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR)

Raymond James Financial Services Advisors Inc. cut its stake in shares of First Trust Lunt U.S. Factor Rotation ETF (BATS:FCTR) by 18.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,501 shares of the company’s stock after selling 5,229 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.43% of First Trust Lunt U.S. Factor Rotation ETF worth $653,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of FCTR. Wells Fargo & Company MN purchased a new position in First Trust Lunt U.S. Factor Rotation ETF during the 2nd quarter worth $25,000. JPMorgan Chase & Co. bought a new stake in shares of First Trust Lunt U.S. Factor Rotation ETF in the fourth quarter valued at about $43,000. CWM LLC lifted its stake in First Trust Lunt U.S. Factor Rotation ETF by 16.8% in the third quarter. CWM LLC now owns 11,538 shares of the company’s stock worth $284,000 after acquiring an additional 1,658 shares during the period. Envestnet Asset Management Inc. grew its holdings in First Trust Lunt U.S. Factor Rotation ETF by 3.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 84,456 shares of the company’s stock worth $2,318,000 after acquiring an additional 2,642 shares in the last quarter. Finally, Insigneo Advisory Services LLC increased its position in First Trust Lunt U.S. Factor Rotation ETF by 51.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 12,380 shares of the company’s stock valued at $325,000 after purchasing an additional 4,218 shares during the period.

First Trust Lunt U.S. Factor Rotation ETF Stock Performance

BATS:FCTR opened at $29.50 on Thursday. The company has a market cap of $162.24 million, a price-to-earnings ratio of 12.44 and a beta of 1.04. The firm has a 50 day simple moving average of $30.17 and a 200-day simple moving average of $27.47.

First Trust Lunt U.S. Factor Rotation ETF Company Profile

The First Trust Lunt U.S. Factor Rotation ETF (FCTR) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of US large-cap stocks. Exposure rotates among four investment factors, selected by a risk-adjusted relative strength score FCTR was launched on Jul 25, 2018 and is managed by First Trust.