First Trust Announces Implementation of Changes to Investment Strategy, Name and Ticker for Mid Cap US Equity Select ETF
Mid Cap US Equity Select ETF (RNMC)
US:NASDAQ Investor Relations:
ftportfolios.com/retail/etf/etfsummary.aspx?ticker=rnmc
Company Research
Source: Business Wire
WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) previously announced that the Board of Trustees of First Trust Exchange-Traded Fund VI (“Trust”) voted to approve a change to the investment strategy, name and ticker symbol for Mid Cap US Equity Select ETF (the “Fund”), an index-based exchange-traded fund and a series of the Trust. Beginning on June 10, 2024, the Fund will seek investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an index called The SMID Capital Strength Index (the “New Index”). Currently, the Fund seeks investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of an equity index called the Nasdaq Riskalyze US Mid Cap Index. According to Nasdaq, Inc., the index provider of the New Index, the New Index seeks to provide exposure to well capitalized small and mid-sized companies with strong market positions. Additionally, beginning on June 10, 2024,
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