First Trust Active Factor International ETF (NASDAQ:AFDM) Stock Breaks Below 200-Day Moving Average – Here’s Why

First Trust Active Factor International ETF (NASDAQ:AFDM)’s stock price crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $87.83 and traded as low as $87.12. First Trust Active Factor International ETF shares last traded at $87.12, with a volume of 3,225 shares changing hands.

First Trust Active Factor International ETF Stock Performance

The company has a market capitalization of $145.49 million, a price-to-earnings ratio of 13.75 and a beta of 0.80. The firm’s 50-day simple moving average is $90.70 and its 200-day simple moving average is $87.83.

Institutional Investors Weigh In On First Trust Active Factor International ETF

Several hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC lifted its position in shares of First Trust Active Factor International ETF by 136.2% during the third quarter. GAMMA Investing LLC now owns 8,197 shares of the company’s stock worth $729,000 after purchasing an additional 4,726 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of First Trust Active Factor International ETF by 10.3% during the second quarter. Envestnet Asset Management Inc. now owns 171,614 shares of the company’s stock valued at $14,944,000 after purchasing an additional 15,988 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of First Trust Active Factor International ETF during the second quarter valued at approximately $308,000. Compass Financial Management LLC bought a new stake in shares of First Trust Active Factor International ETF during the second quarter valued at approximately $197,000. Finally, Western Wealth Management LLC acquired a new stake in shares of First Trust Active Factor International ETF in the first quarter valued at approximately $37,000.

First Trust Active Factor International ETF Company Profile

First Trust Active Factor International ETF (NASDAQ: AFDM) is an exchange-traded fund managed by First Trust Advisors L.P. The fund seeks long-term capital appreciation by investing primarily in equity securities of companies located in international markets outside the United States.

AFDM uses an active, factor-based investment approach to select and manage its portfolio. Its strategy is designed to identify international companies exhibiting characteristics that may support attractive long-term returns, while allowing the portfolio management team flexibility to adjust holdings as market conditions and company fundamentals change.

The fund provides investors with diversified exposure to developed markets outside the United States and may invest across multiple industries and countries.