First Trust Active Factor Mid Cap ETF (AFMC)
First Trust Active Factor Mid Cap ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $41.89, up 0.70% on the session, giving a market capitalisation of $126.1M. Its beta of 0.99 implies it has historically moved less than the broad market.
The First Trust Active Factor Mid Cap ETF (AFMC) is designed to achieve capital growth for its investors. Under normal market conditions, the fund dedicates at least 80% of its total assets, including any borrowed capital, to equity securities of mid-sized U.S. companies listed on stock exchanges. This is an actively managed fund that constructs its portfolio using a rules-based, multi-factor quantitative model alongside dynamic risk management. This strategy aims to select securities that exhibit desirable characteristics across several investment factors. The current quantitative methodology considers elements such as a company's intrinsic value, share price momentum, corporate quality, and low price volatility.
First Trust Active Factor Mid Cap ETF is most often compared with the following Financial Services names: