Arax Advisory Partners Purchases Shares of 522,313 First Trust Active Factor Large Cap ETF $AFLG

Arax Advisory Partners purchased a new stake in shares of First Trust Active Factor Large Cap ETF (NYSEARCA:AFLG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 522,313 shares of the company’s stock, valued at approximately $20,422,000. Arax Advisory Partners owned about 4.35% of First Trust Active Factor Large Cap ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. grew its holdings in First Trust Active Factor Large Cap ETF by 4.3% during the fourth quarter. Assetmark Inc. now owns 307,494 shares of the company’s stock valued at $12,023,000 after purchasing an additional 12,768 shares during the last quarter. Menora Mivtachim Holdings LTD. acquired a new position in First Trust Active Factor Large Cap ETF during the third quarter valued at approximately $9,960,000. Koshinski Asset Management Inc. acquired a new position in First Trust Active Factor Large Cap ETF during the third quarter valued at approximately $702,000. IFP Advisors Inc grew its stake in shares of First Trust Active Factor Large Cap ETF by 20.1% in the third quarter. IFP Advisors Inc now owns 79,271 shares of the company’s stock worth $3,077,000 after acquiring an additional 13,279 shares during the last quarter. Finally, MGO One Seven LLC bought a new position in First Trust Active Factor Large Cap ETF during the fourth quarter worth $3,419,000.

First Trust Active Factor Large Cap ETF Price Performance

NYSEARCA:AFLG opened at $43.45 on Friday. The stock has a market cap of $625.68 million, a P/E ratio of 20.95 and a beta of 0.95. First Trust Active Factor Large Cap ETF has a one year low of $35.06 and a one year high of $44.24. The company has a fifty day moving average price of $42.32 and a 200 day moving average price of $40.59.

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.