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First Trust launches SMID Cap Rising Dividend Achievers ETF

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First Trust Advisors has launched a new index-based ETF, the First Trust SMID Cap Rising Dividend Achievers ETF.

The fund seeks investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Nasdaq US Small Mid Cap Rising Dividend Achievers Index. The Index is designed to provide access to a diversified portfolio of small- and mid-cap income producing securities. The Index construction process looks beyond just yield and analyses the financial health of a company and its ability to maintain dividend increases by including a blend of historical and forward looking factors to screen for high quality dividend-growers.
 
High quality dividends are often associated with larger, well-established companies. However, smaller companies with strong balance sheets and financial flexibility may also provide a good source of income as well as capital appreciation and dividend growth potential.
 
“In our opinion, dividends are often a sign of strong corporate health, and dividend increases may signal growing confidence from management. While many dividend ETFs focus on large-cap stocks, we believe strong dividend policies are just as important for small- and mid-cap stocks. This ETF seeks to provide exposure to small- and mid-cap stocks that may be well-positioned for dividend growth,” says Ryan Issakainen, CFA, Senior Vice President, Exchange-Traded Fund Strategist at First Trust.
 

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