First Trust Advisors announced significant changes to the Mid Cap US Equity Select ETF, effective June 10, 2024. The ETF, known for tracking the Nasdaq Riskalyze US Mid Cap Index, will now target the SMID Capital Strength Index to provide exposure to well-capitalized small and mid-sized companies. Concurrently, the ETF will be renamed First Trust SMID Capital Strength ETF with a new ticker symbol, FSCS. The fund's CUSIP remains unchanged, and it will continue trading on Nasdaq. First Trust Advisors, managing approximately $218 billion in assets, will continue as the fund’s investment advisor.
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First Trust Advisors L.P. announced a strategic shift for the First Trust Hedged BuyWrite Income ETF (Nasdaq: FTLB), effective May 11, 2022. The Fund will change its name to "First Trust Nasdaq BuyWrite Income ETF" and its ticker symbol to "FTQI." The new strategy focuses on equity securities from U.S. exchanges, utilizing an option strategy of writing U.S. exchange-traded call options on the Nasdaq-100 Index. This approach aims to increase cash flow through option premiums while discontinuing the purchase of put options for downside protection.
First Trust Nasdaq Retail ETF (FTXD) announced a significant shift, effective January 26, 2022. The Fund will change its investment objective to align with the S-Network Global E-Commerce Index, replacing the Nasdaq US Smart Retail Index. This New Index includes around 60 securities focused on the global e-commerce industry. Additionally, the Fund will be renamed to First Trust S-Network E-Commerce ETF and adopt a new ticker symbol, ISHP. First Trust Advisors L.P. serves as the investment adviser, managing assets totaling approximately $223 billion as of December 31, 2021.