Name of ETF: First Trust Value Line Dividend Index Fund
Benchmark Index: Value Line Dividend Index
Ticker Symbol: FVD
Types of Companies Included: The index that this ETF is based upon employs a selection process that includes:
- Ranking a universe of stocks using a proprietary methodology.
- Stocks with the highest rankings are then screened for companies with a higher than average dividend yield compared to companies in the S&P 500 Composite Stock Price Index.
- Stocks with a market capitalization under $1 billion are eliminated
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