Summary
AFMC Chart
AFMC: Multi-Factor Mid-Cap ETF With A Momentum Kick
I initiate coverage on the First Trust Active Factor Mid Cap ETF, assigning a 'hold' rating due to cautious optimism. AFMC's multi-factor approach—value, momentum, quality, and low volatility—has recently outperformed IJH, especially by leveraging momentum. Despite a high 0.68% expense ratio and bid/ask spread, AFMC offers strong GARP characteristics with a top-decile modified PEG ratio.
First Trust Active Factor Mid Cap ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 114,694 | $4.7M | $4.61M | -$86,040.38 | -1.83% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 2,206 | $70,567.15 | $88,747.38 | $18,180.23 | 25.76% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 5,194 | $212,019.08 | $208,954.62 | -$3,064.46 | -1.45% |
| WDW William Dudley Webb Jr. WORLD EQUITY GROUP Inc. | 8,741 | $286,871.95 | $351,650.43 | $64,778.48 | 22.58% |
 Shad Lamm Keystone Wealth Services LLC | 16,712 | $638,110.84 | $672,323.76 | $34,212.92 | 5.36% |
First Trust Active Factor Mid Cap ETF (AFMC) FAQ
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First Trust Active Factor Mid Cap ETF Profile
| ARCA Exchange | US Country |
Overview
The company described operates a mutual fund that specializes in investing in mid-capitalization U.S. equity securities. The fund commits to allocating at least 80% of its net assets, which includes borrowed investments, into stocks of mid-cap companies listed in the United States. The investment strategy hinges on targeting companies that fall within the market capitalization range defined by a recognized mid-cap index at the time of investment. This approach reflects the fund's focus on investing in companies that have the potential for growth while still offering a level of stability and market presence beyond that of smaller companies.
Products and Services
- Mid-Cap Equity Fund - The primary product offered is the Mid-Cap Equity Fund, which invests chiefly in U.S.-listed equity securities of mid-capitalization companies. The investment philosophy underpinning this fund is predicated on the belief that mid-cap companies offer a favorable balance between the growth potential of small caps and the stability of large caps. The fund's strategy involves identifying and investing in those companies that, at the time of purchase, meet the market capitalization criteria set between the minimum and maximum limits of a widely recognized mid-cap index. This investment criteria ensures that the fund remains focused on its core mandate of mid-cap equity investment, adapting its portfolio to reflect the changing landscape of the mid-cap market as defined by the referenced index.
