First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)
First Trust S&P 500 Diversified Free Cash Flow ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $29.88, down 0.32% on the session, giving a market capitalisation of $1.4M. Its beta of 0.96 implies it has historically moved less than the broad market.
The First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) endeavors to match the investment performance, including both price changes and income generation, of the S&P 500 Sector-Neutral FCF Index (referred to as the "Index"), before any fees or expenses are factored in. Under normal operating conditions, the Fund will commit at least 80% of its total assets (inclusive of any borrowed capital for investment) to the securities that make up this Index. Employing an indexing investment methodology, the Fund seeks to mirror the Index's total return, which incorporates dividends distributed by the common stocks it holds, again, prior to any associated costs. It typically achieves this by implementing a full replication strategy, meaning it invests in all component securities of the Index, proportional to their respective weightings within it.
First Trust S&P 500 Diversified Free Cash Flow ETF is most often compared with the following Financial Services names: