|Bid||24.26 x 1500|
|Ask||24.27 x 7100|
|Day's Range||24.26 - 24.47|
|52 Week Range||23.55 - 25.86|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
According to Don Schreiber Jr., passive ETFs are weapons of mass destruction. "Passive [investing] is probably one of the most dangerous things I've seen in my 35-year career," said the founder, CEO and co-portfolio manager of the $1.8 billion WBI Investments. That, in large part, stems from transparency. Knowing an ETF's full basket of securities gives investors a false sense of security, says Schreiber, and encourages herd mentality.
After three weeks of negative flows, the Alerian MLP ETF (AMLP) witnessed a net inflow of $5.6 million for the week ended June 23, 2017.
First Trust Advisors L.P. announces the declaration of distributions for 108 exchange-traded funds advised by FTA.