First Trust Value Line Dividend Index Fund (FVD)



First Trust Value Line Dividend Index Fund is an exchange-traded index fund or Index ETF that is a non-diversified, exchange-traded series of the First Trust Exchange-Traded Fund, an open-end management investment company. The Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Value Line Dividend Index (Index Symbol: VLFVD). INDEX DESCRIPTION: The Value Line Dividend Index is developed, maintained and sponsored by Value Line Publishing, Inc. The Index is designed to objectively identify and select those stocks from the universe of stocks of which Value Line, Inc. gives a Safety Ranking of #1 or #2 in the Value Line Safety Ranking System and have the potential to pay above average dividends and capital appreciation. The Index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation. The inception date of the Index was July 3, 2006. On March 30, 2007, there were 194 stocks that comprised the Index. The Index begins with the universe of stocks that Value Line gives a Safety Ranking of #1 or #2 using the Value Line Safety Ranking System. All registered investment companies, limited partnerships and foreign securities not listed in the U.S. are removed from this universe. From those stocks, Value Line selects those companies with a higher than average dividend yield, as compared to the indicated dividend yield of the Standard & Poor's 500 Composite Stock Price Index. Value Line then eliminates those companies with an equity market capitalization of less than $1 billion. When the Index is initially configured or reconfigured the Index seeks to be equally weighted in each of the securities in the Index. After the initial selection of securities, the Index is rebalanced by the application of the above model on a monthly basis. The Index divisor was initially determined to yield a benchmark value of 1,000.00 at the close of trading on July 3, 2006. FUND STRATEGY: The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Fund, using an "indexing" investment approach, attempts to replicate, before expenses, the performance of the Index. First Trust seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. In seeking to achieve the Fund's investment objective, the Fund generally will invest in all of the stocks comprising the Index in proportion to their weightings in the Index. However, under various circumstances, it may not be possible or practicable to purchase all of those stocks in those weightings. In those circumstances, the Fund may purchase a sample of stocks in the Index. There may also be instances in which First Trust may choose to overweight certain stocks in the Index, purchase securities not in the Index which First Trust believes are appropriate to substitute for certain securities in the Index, use futures or other derivative instruments, or utilize various combinations of the above techniques in seeking to track the Index. The Fund may sell stocks that are represented in the Index in anticipation of their removal from the Index or purchase stocks not represented in the Index in anticipation of their addition to the Index. FUND MANAGEMENT: First Trust Advisors L.P. is the investment adviser for the Fund. First Trust Advisors L.P. is an affiliate of First Trust Portfolios L.P., the fund's distributor.

Data based on most recent fiscal year report
Market Cap961.632 Million Shares Outstanding32.4 Million Avg Volume871.282 Thousand
View SEC Filings from FVD instead.
Q3 2019 All Institutions Hedge Funds 1
To trade FVD now:
Filers who had this stock in their top 10: 18 1 (0.1%)
13F Filers holding this stock: 258 7 (0.73%)
Aggregate 13F shares on 09/30/2019: 118.074 Million 840.816 Thousand
Aggregate 13F shares on 06/30/2019: 96.674 Million 764.874 Thousand
Percent change: 22.14% 9.93%
Funds creating new positions: 40 3
Funds Adding to an existing position: 133 2
Funds closing out their position: 12
Funds reducing their position: 54 2
1 hedge funds as identified by through public filings.

Funds Holding FVD (via 13F filings)

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