First Trust Balanced Income ETF (FTBI)
First Trust Balanced Income ETF operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $21.98, up 0.45% on the session, giving a market capitalisation of $8.7M. Its beta of 0.44 implies it has historically moved less than the broad market.
The First Trust Balanced Income ETF (referred to as "the Fund") is designed to mirror the price performance and income yield of the Bloomberg Moderate Allocation Income Focus Index (the "Index"), prior to accounting for the Fund's own fees and expenses. Under typical circumstances, the Fund commits a minimum of 80% of its total net assets (plus any capital acquired through borrowing for investment) to the various exchange-traded funds ("ETFs") that constitute the Index. Notably, the ETFs making up this Index are managed by First Trust Advisors L.P. ("First Trust"), which also serves as the investment advisor for the Fund itself.
First Trust Balanced Income ETF is most often compared with the following Financial Services names: