|Bid||48.25 x 700|
|Ask||48.29 x 100|
|Day's Range||48.22 - 48.31|
|52 Week Range||47.94 - 48.73|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.85%|
First Trust Advisors L.P. announces the declaration of the monthly distributions for certain exchange-traded funds advised by FTA.
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.
First Trust Advisors L.P. announces the declaration of distributions for 108 exchange-traded funds advised by FTA.