First Trust, the sixth-largest U.S. issuer of exchange traded funds, said today it is moving 10 of its AlphaDEX single-country ETFs to Nasdaq from the New York Stock Exchange. The ETFs will retain the same tickers. The ETFs will also shift to Nasdaq AlphaDEX equity indexes.
“Each New Index is a modified equal-dollar weighted index developed and maintained by Nasdaq that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX selection methodology. Accordingly, the Funds’ Index Provider will change to Nasdaq,” according to a statement.
AlphaDEX ETFs are based “on growth factors including three, six and 12-month price appreciation, sales to price and one year sales growth, and, separately, on value factors including book value to price, cash flow to price and return on assets,” according to First Trust.
The First Trust ETFs moving to Nasdaq are as follows:
Table Courtesy: Nasdaq
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