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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.
Seekingalpha | 3 months ago
