First Trust Value Line 100 Exchange-Traded Fund (FVL)
First Trust Value Line 100 Exchange-Traded Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $23.16, down 0.07% on the session, giving a market capitalisation of $43.8M. Its beta of 0.90 implies it has historically moved less than the broad market.
The primary objective of this fund is to mirror the overall performance—encompassing both capital appreciation and income—of the Value Line 100 Index, prior to accounting for the fund's own operating expenses. To achieve this goal, the fund typically allocates a minimum of 90% of its total assets (which may include borrowed capital) to the common stocks and depositary receipts that constitute the underlying index. This benchmark index, in turn, is designed to measure the returns of the 100 highest-ranked securities, chosen according to the proprietary Value Line Timeliness Ranking System devised by the index provider.
First Trust Value Line 100 Exchange-Traded Fund is most often compared with the following Financial Services names: