Ethos Financial Group LLC Acquires Shares of 42,341 First Trust Active Factor Small Cap ETF $AFSM

Ethos Financial Group LLC bought a new stake in shares of First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) in the third quarter, HoldingsChannel reports. The institutional investor bought 42,341 shares of the company’s stock, valued at approximately $1,385,000.

A number of other hedge funds also recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in First Trust Active Factor Small Cap ETF in the second quarter valued at about $60,000. Geneos Wealth Management Inc. bought a new position in First Trust Active Factor Small Cap ETF in the 1st quarter valued at about $164,000. Moors & Cabot Inc. raised its position in shares of First Trust Active Factor Small Cap ETF by 9.4% in the 2nd quarter. Moors & Cabot Inc. now owns 15,232 shares of the company’s stock valued at $455,000 after buying an additional 1,309 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of First Trust Active Factor Small Cap ETF by 3.2% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 17,017 shares of the company’s stock valued at $508,000 after buying an additional 535 shares in the last quarter. Finally, Snowden Capital Advisors LLC lifted its holdings in shares of First Trust Active Factor Small Cap ETF by 2.0% during the 2nd quarter. Snowden Capital Advisors LLC now owns 33,009 shares of the company’s stock worth $986,000 after acquiring an additional 648 shares during the period.

First Trust Active Factor Small Cap ETF Trading Up 0.4%

NYSEARCA AFSM opened at $33.91 on Friday. The firm’s 50 day simple moving average is $32.81 and its 200 day simple moving average is $31.96. The firm has a market capitalization of $71.21 million, a price-to-earnings ratio of 13.11 and a beta of 1.04. First Trust Active Factor Small Cap ETF has a 1 year low of $24.42 and a 1 year high of $34.10.

First Trust Active Factor Small Cap ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.0622 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from First Trust Active Factor Small Cap ETF’s previous quarterly dividend of $0.02.

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.