First Trust S&P 500 Economic Moat ETF (EMOT)
First Trust S&P 500 Economic Moat ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $27.25, down 0.55% on the session, giving a market capitalisation of $5.3M. Its beta of 0.80 implies it has historically moved less than the broad market.
The First Trust S&P 500 Economic Moat ETF, often referred to as "the Fund," aims to deliver investment results that broadly align with the price performance and yield (before its own fees and costs) of the S&P 500 Economic Moat Index, designated as "the Index." Under normal operating conditions, at least 80% of the Fund's net assets (including any borrowed capital for investment purposes) will be allocated to the individual stocks that make up this Index. Adopting an indexing strategy, the Fund seeks to mirror the Index's returns before any deductions for its expenses. Its standard practice is to implement a full replication strategy, meaning it will typically invest in every security within the Index, mirroring their precise proportional weightings. The Index itself is owned and was originally developed by S&P Dow Jones Indices, LLC, a business unit of S&P Global.
First Trust S&P 500 Economic Moat ETF is most often compared with the following Financial Services names: