Seeking AlphaT3·29mo ago
AFLG First Trust Active Factor Large Cap ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
AFLG
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Key stats
About
First Trust Active Factor Large Cap ETF (AFLG) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2019-12-03
- Has Options
- No
Fund profile
holdings as of Oct 19, 2026issuer datathrough May 2026flows, SEC filings
- Expense ratio
- 0.55% prospectus, filed Dec 29, 2025
- Assets
- $800M issuer-reported, Oct 19, 2026
- Trailing yield
- 0.70% paid quarterly
- Average daily volume
- $3.8M 30 sessions
- Holdings
- 217 top 10 are 33.5%
- Listed
- Dec 3, 2019 NYSE Arca
- Net asset value
- $44.91 issuer, Oct 19, 2026
- 30-day SEC yield
- 0.80% issuer, Sep 30, 2026
Cost28
Liquidity52
Scale70
Diversification76
Moves with. US large-cap stocks (101% of its variance, beta 0.99). These factors explain 94% of its daily moves over the last year.
Stated objective. "The First Trust Active Factor Large Cap ETF (the ""Fund"" ) seeks to provide capital appreciation." (from the fund's prospectus)
All 217 holdingsFlow historySimilar fundsOverlap toolAll Multi-Factor ETFs
Fund flows
through May 2026SEC filings- May 2026
- +$17M latest reported month
- Latest 3 months
- +$111M +17.1% of assets
- Latest 12 months
- +$242M +37.3% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$17M |
| Apr 2026 | +$32M |
| Mar 2026 | +$61M |
| Feb 2026 | −$52K |
| Jan 2026 | +$5.9M |
| Dec 2025 | −$14M |
| Nov 2025 | +$33M |
| Oct 2025 | +$19M |
| Sep 2025 | +$9.6M |
| Aug 2025 | +$28M |
| Jul 2025 | +$33M |
| Jun 2025 | +$16M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| QLCNorthern Trust US Quality Large Cap ETF | 56% | 0.25% | $1.1B | +17.5% | compare |
| GSLCGoldman Sachs ActiveBeta U.S. Large Cap Equity ETF | 55% | 0.09% | $15.2B | +13.9% | compare |
| HDUSHartford Disciplined US Equity ETF | 53% | 0.19% | $204M | +14.4% | compare |
| EPSWisdomTree U.S. LargeCap Fund | 53% | 0.08% | $1.7B | +17.9% | compare |
| GSPYGotham Enhanced 500 ETF | 52% | 0.50% | $715M | +16.9% | compare |
Ranked by how much of the two portfolios is the same securities.
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Holdings vs fair value
- +12.1% 42% under, 10% over · 100% covered
- Price / earnings
- 19.9 1% loss-making · 100% covered
- Price / book · sales
- 4.2 · 2.0 revenue growth +13.4%
- Above 200-day average
- 73% 59% above 50-day · by weight
- Short interest
- 3.1% of float, weighted · 3.3 days to cover
- Insider buying
- 4% of weight had net insider buying, 90 days; 67% net selling
- 13F holders
- +2.1% change in shares held by institutions, latest quarter
- Reporting earnings
- 32.4% of weight in 7 days; 65.7% in 14
Holdings reporting in the next 14 days · weighted implied move this week 2.16%
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Feb 28, 2026 → May 31, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | AVGOBROADCOM INC | 2.16% | 3.13% | +12.3% |
| Decrease | BRK.BBERKSHIRE HATHAWAY INC | 1.35% | 0.56% | −51.7% |
| Decrease | NEMNEWMONT CORP | 1.66% | 0.95% | −26.9% |
| Exit | WMTWalmart Inc | 0.67% | — | — |
| Decrease | APHAMPHENOL CORP | 0.82% | 0.26% | −66.0% |
| New position | SNXTD SYNNEX CORP | — | 0.55% | — |
| Decrease | WELLWELLTOWER INC | 0.81% | 0.28% | −61.8% |
| Decrease | MRKMERCK & COMPANY INC | 0.79% | 0.34% | −50.5% |
| New position | CVXCHEVRON CORP | — | 0.44% | — |
| Decrease | GILDGILEAD SCIENCES INC | 0.79% | 0.37% | −43.9% |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.6%. Full holdings and history
Under the hood
fiscal year to Aug 31, 2025SEC census- Authorized participants
- 7 active of 22 with agreements; top 3 did 65%
- Created · redeemed
- $396M · $47M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-10-20
Holdings
217
AUM
$803.4M
Provider
First Trust
Inception
2019-12-03
Exchange
ARCX
Data As Of
2026-10-20
Expense Ratio
0.55%
Dividend Yield
0.69%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-24 | 2026-09-30 | $0.0174 | CD |
| 2026-06-25 | 2026-06-30 | $0.0673 | CD |
| 2026-03-26 | 2026-03-31 | $0.0496 | CD |
| 2025-12-12 | 2025-12-31 | $0.1799 | CD |
| 2025-09-25 | 2025-09-30 | $0.0139 | CD |
| 2025-06-26 | 2025-06-30 | $0.0650 | CD |
Asset Allocation
Top Holdings
top 50 of 217 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| NVDA | NVIDIA Corporation | 7.62% | Equity (US) | US |
| AAPL | Apple Inc. | 6.70% | Equity (US) | US |
| GOOGL | Alphabet Inc. (Class A) | 5.64% | Equity (US) | US |
| MSFT | Microsoft Corporation | 4.23% | Equity (US) | US |
| AMZN | Amazon.com, Inc. | 2.42% | Equity (US) | US |
| AVGO | Broadcom Inc. | 2.27% | Equity (US) | US |
| DINO | HF Sinclair Corp. | 1.12% | Equity (US) | US |
| V | Visa Inc. (Class A) | 1.12% | Equity (US) | US |
| VLO | Valero Energy Corporation | 1.04% | Equity (US) | US |
| XOM | ExxonMobil Holdings Corp. | 1.03% | Equity (US) | US |
| ALL | The Allstate Corporation | 1.02% | Equity (US) | US |
| ED | Consolidated Edison, Inc. | 0.98% | Equity (US) | US |
| MO | Altria Group, Inc. | 0.95% | Equity (US) | US |
| NEM | Newmont Corporation | 0.94% | Equity (US) | US |
| META | Meta Platforms, Inc. (Class A) | 0.93% | Equity (US) | US |
| NTAP | NetApp, Inc. | 0.90% | Equity (US) | US |
| EOG | EOG Resources, Inc. | 0.88% | Equity (US) | US |
| FE | FirstEnergy Corp. | 0.87% | Equity (US) | US |
| CSCO | Cisco Systems, Inc. | 0.86% | Equity (US) | US |
| MTCH | Match Group Inc. | 0.86% | Equity (US) | US |
| LRCX | Lam Research Corporation | 0.83% | Equity (US) | US |
| TRV | The Travelers Companies, Inc. | 0.83% | Equity (US) | US |
| MU | Micron Technology, Inc. | 0.77% | Equity (US) | US |
| RS | Reliance Inc. | 0.77% | Equity (US) | US |
| L | Loews Corporation | 0.75% | Equity (US) | US |
| CF | CF Industries Holdings, Inc. | 0.69% | Equity (US) | US |
| HCA | HCA Healthcare, Inc. | 0.67% | Equity (US) | US |
| STX | Seagate Technology Holdings Plc | 0.67% | Equity (Foreign) | IE |
| AMAT | Applied Materials, Inc. | 0.66% | Equity (US) | US |
| UNH | UnitedHealth Group Incorporated | 0.61% | Equity (US) | US |
| MA | Mastercard Incorporated | 0.60% | Equity (US) | US |
| CBOE | Cboe Global Markets, Inc. | 0.59% | Equity (US) | US |
| JNJ | Johnson & Johnson | 0.59% | Equity (US) | US |
| SNX | TD SYNNEX Corporation | 0.59% | Equity (US) | US |
| CB | Chubb Limited | 0.57% | Equity (Foreign) | CH |
| GWW | W.W. Grainger, Inc. | 0.57% | Equity (US) | US |
| APA | APA Corporation | 0.56% | Equity (US) | US |
| TROW | T. Rowe Price Group, Inc. | 0.56% | Equity (US) | US |
| BNY | The Bank of New York Mellon Corporation | 0.56% | Equity (US) | US |
| UHS | Universal Health Services, Inc. (Class B) | 0.55% | Equity (US) | US |
| ROST | Ross Stores, Inc. | 0.54% | Equity (US) | US |
| CVX | Chevron Corporation | 0.53% | Equity (US) | US |
| CL | Colgate-Palmolive Company | 0.52% | Equity (US) | US |
| KR | The Kroger Co. | 0.52% | Equity (US) | US |
| CTSH | Cognizant Technology Solutions Corporation | 0.51% | Equity (US) | US |
| EXPE | Expedia Group, Inc. | 0.51% | Equity (US) | US |
| LAMR | Lamar Advertising Company | 0.51% | Equity (US) | US |
| EXPD | Expeditors International of Washington, Inc. | 0.50% | Equity (US) | US |
| BMY | Bristol-Myers Squibb Company | 0.48% | Equity (US) | US |
| HST | Host Hotels & Resorts, Inc. | 0.48% | Equity (US) | US |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 1.78% | -5.55% | 6.03% | 2.79% | 2.90% | 1.98% | 1.66% |
| Feb | 0.86% | -3.00% | -3.40% | 5.16% | -0.03% | 0.40% | -0.00% |
| Mar | 1.87% | 4.92% | 1.46% | 3.39% | -2.91% | -4.64% | 0.68% |
| Apr | 3.42% | -7.41% | 0.03% | -4.77% | -1.63% | 8.87% | -0.25% |
| May | 0.47% | -0.18% | -1.73% | 5.97% | 4.97% | 3.18% | 2.11% |
| Jun | 1.31% | -8.63% | 6.27% | 2.17% | 3.12% | -1.36% | 0.48% |
| Jul | 1.75% | 6.67% | 2.51% | 2.08% | 1.21% | 1.61% | 2.64% |
| Aug | 2.98% | -2.86% | -1.55% | 4.71% | 3.65% | 0.56% | 1.25% |
| Sep | -5.09% | -8.85% | -4.32% | 4.78% | 3.66% | -0.76% | -1.76% |
| Oct | 5.25% | 6.65% | -1.53% | -0.10% | 0.41% | 2.05%* | 2.12% |
| Nov | -0.61% | 4.76% | 7.12% | 7.01% | 0.90% | -- | 3.84% |
| Dec | 5.83% | -6.31% | 3.09% | -4.51% | -0.48% | -- | -0.48% |
| Total | 21.20% | -19.75% | 13.99% | 31.74% | 16.60% | 11.95% | 12.62% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $44.85
SMA 50: $44.80
SMA 200: $42.47
Current: $45.35
EMA 12: $45.05
EMA 26: $44.90
MACD: 0.1526 | Signal: 0.0219
BULLISH
ADX (14): 11.32
RANGE
+DI: 24.77
−DI: 21.80
Momentum Oscillators
RSI (14): 58.64
NEUTRAL
Stoch %K: 78.80
Stoch %D: 70.21
Williams %R: -6.33
Volume & Volatility
BB Upper: $45.64
BB Lower: $44.06
NEUTRAL
OBV: 641,203
Vol SMA 20: 94,826
Vol ROC: -5.00%
ATR: $0.34
True Range: $0.26
HV 20: 7.6%
HV 30: 8.8%
HV 60: 9.3%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary BULLISH (Confidence Level: 7/10)
Key drivers: Bullish momentum, positive RSI signal Primary risks: Volatility regime shift, MACD crossover failure
Recent news sentiment impact: Neutral headlines have not significantly impacted the stock price.
Technical Analysis
Trend Direction
Short-term: Uptrend (1-4 weeks) Medium-term: Uptrend (1-3 months) Long-term: Uptrend (3-12 months)
Support/Resistance Levels
Key levels:
- Upper Bollinger Band: $44.08
- Middle Bollinger Band: $43.15
- Lower Bollinger Band: $42.23
Momentum Signals
RSI interpretation: Neutral (69.60) MACD signal: Bullish (0.62 / Signal: -0.01 / Histogram: 0.63) Bollinger Bands position: Squeeze (neutral)
Volume Analysis
Volume trends:
- SMA 20: 45283.35 On-Balance Volume (OBV): -484975.18 (bearish signal) Volume Rate of Change: -30.38% (decreasing volume)
News & Sentiment Analysis Recent Headlines Summary: Neutral headlines on macroeconomic themes and sector performance. Sentiment Assessment: Neutral sentiment with no significant market-moving news. Catalyst Identification: No upcoming earnings or product launches.
Risk & Volatility Assessment
Beta Interpretation
Beta: 0.94 (vs SPY) - moderate volatility
Volatility Regime
Current vs historical volatility levels:
- Stock Volatility: 0.12 (moderate)
- Historical Volatility: HV20 10.1%, HV30 10.1%, HV60 14.2% (volatile)
Options Market Signals
IV rank: N/A (positive = implied richer than realized) Put/call ratios: No unusual activity detected.
Market Context & Positioning
Sector Performance
Relative strength vs sector/market:
- Strong performance in recent weeks
Institutional Activity
Volume patterns suggesting institutional interest:
- Increasing volume on uptrend (1-4 weeks)
Correlation Analysis
How stock moves relative to market (R-squared interpretation):
- High correlation with the market (0.96)
Key Levels & Action Items
Critical Price Levels
Support/resistance levels:
- Upper Bollinger Band: $44.08
- Middle Bollinger Band: $43.15
- Lower Bollinger Band: $42.23
Breakout/Breakdown Levels
Technical levels that could trigger significant moves:
- MACD crossover above signal line = bullish momentum
Time-Sensitive Catalysts
Earnings dates, FDA approvals, product launches:
- No earnings or product launches announced.
Risk Management
Stop-loss levels and position sizing considerations:
- Set stop-loss at lower Bollinger Band ($42.23) to manage risk.
Conclusion The stock is in a moderate-volatility uptrend with positive momentum and RSI signals. While neutral headlines have not significantly impacted the stock price, the MACD signal indicates bullish momentum. The options market suggests no unusual activity or implied volatility. Institutional interest is increasing on the uptrend. Key levels to monitor are the Bollinger Bands and MACD crossover above the signal line.
Generated
News
All AFLG news →
Seeking AlphaT3·33mo ago
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AFLG Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.8969
Alpha: 2.72%
Correlation: 0.9583
R-Squared: 91.8%
Stock Volatility: 11.9%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
AFLG Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|