Flows Buzzer: First Trust Value Line Dividend Indx Fnd Registered $-64.85M Redemptions Due To -2.52% AUM Decrease

Flows Buzzer: First Trust Value Line Dividend Indx Fnd Registered $ 64.85M Redemptions Due To  2.52% AUM Decrease

Today were reported First Trust Value Line Dividend Indx Fnd’s daily net flows. The ETF registered $-64.85M asset outflows for -2.52% decrease, reaching $2508.39M after yestarday’s trading session. The chart of First Trust Value Line Dividend Indx Fnd shows negative short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net outflows leads to less cash for managers to invest, which theoretically decreases demand for the etf’s holdings. The stock decreased 0.88% or $0.24 on September 29, hitting $26.89. It is down 10.61% since February 26, 2016 and is uptrending. It has outperformed by 0.19% the S&P500.

The ETF’s YTD performance is 15.1%, the 1 year is 21.3% and the 3 year is 14.12%.

The ETF’s average P/E ratio is 19.42, the price to book is 2.56, the price to sales is 1.73 and the price to cashflow is 9.81. First Trust Value Line Dividend Indx Fnd is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Wells Fargo & Company Common St for 0.54% of assets, PNC Financial Services Group I for 0.54%, People’s United Financial Inc. for 0.53%, Park National Corporation Commo for 0.53%, Norfolk Southern Corporation Co for 0.53%, Mercury General Corporation Com for 0.53%, Erie Indemnity Company for 0.53%, Cullen/Frost Bankers Inc. Comm for 0.53%, BANK OF NOVA SCOTIA for 0.53%, Assurant Inc. Common Stock for 0.53%. The ETF sector weights are: Basic Materials 2.58%, Consumer Cyclical 6.66%, Financial Services 16.26%, Realestate 2.56%, Consumer Defensive 12.69%, Healthcare 8.05%, Utilities 22.16%, Communication Services 2.04%, Energy 3.51%, Industrials 14.77%, Technology 8.73%. The ETF currently as 0% yield.

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