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First Trust Value Line Dividend ETF (FVD)

- NYSEARCA
  • Matthew Sauer, Esq. | Send Message 28 Oct 2014

    First Trust Value Line Dividend ETF Plays It Safe $FVD http://seekingalpha.com/a/1jqrh
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      • Morningstar | Send Message 17 Mar 2014

        High Quality, High Fees $FVD http://seekingalpha.com/a/18uhh
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          FVD Description
          The First Trust Value Line® Dividend Index Fund is an exchange-traded index fund. The objective of the fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of the Value Line® Dividend Index. The index begins with the universe of stocks that Value Line® gives a SafetyTM Ranking of #1 or #2 using the Value Line® SafetyTM 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. The index seeks to be equally weighted in each of the securities in the index. The index is rebalanced on the application of the above model on a monthly basis.
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          Country: United States
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