“The First Trust High Income ETF and the First Trust Low Beta Income ETF will combine an equity portfolio that is focused on dividend-paying stocks with an index option strategy to provide an overall portfolio that is tactical, transparent and actively managed,” the issuer said in the statement.

NASDAQ indices are used for popular dividend ETFs such as the PowerShares High Yield Equity Dividend Achievers Portfolio (NYSEArca: PEY) and the PowerShares Dividend Achievers Portfolio (NYSEArca: PFM).

Well-known First Trust Dividend ETFs include the First Trust NASDAQ Technology Dividend Index Fund (NasdaqGS: TDIV) and the First Trust Value Line Dividend Index Fund (NYSEArca: FVD). FVD had $791.5 million in assets under management while TDIV has $281.4 million.

ETF Trends editorial team contributed to this post.