FVD First Trust VL Dividend ETF
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FVD First Trust VL Dividend ETF
Seeks to track, before fees and expenses, the Value Line Dividend Index. The Index begins with the universe of stocks that Value Line gives a Safety Ranking of #1 or #2 using the Value Line Safety Ranking System. All registered investment companies, limited partnerships and foreign securities not listed in the U.S. are removed from this universe. From those stocks, Value Line selects those companies with a higher than average dividend yield, as compared to the indicated dividend yield of the S&P 500 Composite Stock Price Index. Value Line then eliminates those companies with an equity market capitalization of less than $1 billion. The index seeks to be equally weighted in each of the securities in the index. The index is rebalanced on the application of the above model on a monthly basis.
$38.43 -0.14 (-0.36%)
As of 03/23/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad Market
Category3: Multi-cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 08/19/2003
Index tracking method: Passive replication
Current yield: 2.17%
Historical average yield: 3.42%
Market cap: $11,778,444,672
Average volume: 1,200,909
Fees: 0.7000%
Index Information
Value Line Dividend Index
Index symbol: VLFVD
Provider: Value Line
Total return index symbol: VLFVDTR
Index weighting: Equal weighted
Index inception date: 11/19/2018
Backtesting data exists:
Number of holdings: 191 (as of 12/13/2017)
Strategy: Multi-factor investing
Rebalanced: Monthly
Reconstituted: Monthly
Factors used to select securities: