First Trust Dorsey Wright People's Portfolio ETF (DWPP)
First Trust Dorsey Wright People's Portfolio ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $26.74, down 0.15% on the session, giving a market capitalisation of $4.0M. Its beta of 0.83 implies it has historically moved less than the broad market.
The fund primarily directs at least 80% of its total investments into common stocks or exchange-traded funds that constitute its reference index. This index operates with a modified market-capitalization weighting system, strategically shifting its holdings among three distinct components: the Nasdaq US 500 Large Cap Index, the Nasdaq US 500 Large Cap Equal Weight Index, or the First Trust Enhanced Short Maturity ETF (FTSM). These allocation adjustments are performed daily, guided by relative strength analysis.
First Trust Dorsey Wright People's Portfolio ETF is most often compared with the following Financial Services names: