Rockport Wealth LLC Buys Shares of 64,046 First Trust Active Factor Small Cap ETF $AFSM

Rockport Wealth LLC purchased a new stake in First Trust Active Factor Small Cap ETF (NYSEARCA:AFSM) in the third quarter, Holdings Channel.com reports. The fund purchased 64,046 shares of the company’s stock, valued at approximately $2,095,000.

Other hedge funds also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new stake in shares of First Trust Active Factor Small Cap ETF during the 2nd quarter valued at approximately $60,000. MGO One Seven LLC purchased a new position in First Trust Active Factor Small Cap ETF in the 3rd quarter valued at approximately $352,000. Moors & Cabot Inc. raised its holdings in First Trust Active Factor Small Cap ETF by 9.4% during the second quarter. Moors & Cabot Inc. now owns 15,232 shares of the company’s stock worth $455,000 after purchasing an additional 1,309 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its position in First Trust Active Factor Small Cap ETF by 3.2% during the second quarter. Creative Financial Designs Inc. ADV now owns 17,017 shares of the company’s stock worth $508,000 after purchasing an additional 535 shares in the last quarter. Finally, Snowden Capital Advisors LLC grew its holdings in First Trust Active Factor Small Cap ETF by 2.0% in the second quarter. Snowden Capital Advisors LLC now owns 33,009 shares of the company’s stock valued at $986,000 after purchasing an additional 648 shares during the last quarter.

First Trust Active Factor Small Cap ETF Trading Down 1.5%

Shares of AFSM opened at $34.60 on Friday. First Trust Active Factor Small Cap ETF has a 12-month low of $24.42 and a 12-month high of $35.32. The stock has a market cap of $74.39 million, a P/E ratio of 13.11 and a beta of 1.04. The company has a 50-day moving average of $33.34 and a two-hundred day moving average of $32.30.

First Trust Active Factor Small Cap ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.0622 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change 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.