First Trust Ownership
| AIRR Etf | USD 82.64 0.58 0.71% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
First |
First Etf Ownership Analysis
First Trust is is formed as Regulated Investment Company in the United States. ETF is managed and operated by The Bank of New York Mellon Corporation. The fund has 55 constituents with avarage daily trading value of 617.2 K. The fund charges 0.7 percent management fee with a total expences of 0.7 percent of total asset. The fund created five year return of 23.0%. First Trust RBA holds 99.94% of assets under management (AUM) in equities. This fund last dividend was 0.05 per share. The fund will normally invest at least 90 percent of its net assets in the equity securities that comprise the index. Rba American is traded on NASDAQ Exchange in the United States. For more info on First Trust RBA please contact the company at NA.Sector Exposure (%)
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on First Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding First Trust , and the less return is expected.
Investment Allocations (%)
Top Etf Constituents
| PLOW | Douglas Dynamics | Stock | |
| TTEK | Tetra Tech | Stock | |
| PWR | Quanta Services | Stock | |
| SPXC | SPX Corp | Stock | |
| ASTE | Astec Industries | Stock | |
| GBX | Greenbrier Companies | Stock | |
| PRLB | Proto Labs | Stock | |
| MYRG | MYR Group | Stock | |
| TPC | Tutor Perini | Stock | |
| WIRE | Encore Wire | Stock | |
| REVG | Rev Group | Stock | |
| ACA | Arcosa Inc | Stock | |
| EME | EMCOR Group | Stock | |
| DY | Dycom Industries | Stock | |
| FSS | Federal Signal | Stock | |
| WNC | Wabash National | Stock | |
| GVA | Granite Construction Incorporated | Stock | |
| CLH | Clean Harbors | Stock | |
| MWA | Mueller Water Products | Stock | |
| OSK | Oshkosh | Stock | |
| STRL | Sterling Construction | Stock | |
| TRS | TriMas | Stock | |
| AGX | Argan Inc | Stock | |
| APG | Api Group Corp | Stock | |
| PRIM | Primoris Services | Stock | |
| AQUA | Evoqua Water Technologies | Stock |
First Trust Outstanding Bonds
First Trust issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. First Trust RBA uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most First bonds can be classified according to their maturity, which is the date when First Trust RBA has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| FIRST UN P Corp BondUS337358BA27 | View | |
| FIRST UN P Corp BondUS337358BD65 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| US337358BH79 Corp BondUS337358BH79 | View | |
| Morgan Stanley 3591 Corp BondUS61744YAK47 | View | |
| Morgan Stanley 3971 Corp BondUS61744YAL20 | View |
Pair Trading with First Trust
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if First Trust position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in First Trust will appreciate offsetting losses from the drop in the long position's value.Moving together with First Etf
| 0.92 | XLI | Industrial Select Sector | PairCorr |
| 0.92 | DRVN | Driven Brands Holdings | PairCorr |
| 0.61 | ITA | iShares Aerospace Defense | PairCorr |
| 0.96 | VIS | Vanguard Industrials | PairCorr |
| 0.92 | JETS | US Global Jets | PairCorr |
The ability to find closely correlated positions to First Trust could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace First Trust when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back First Trust - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling First Trust RBA to buy it.
The correlation of First Trust is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as First Trust moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if First Trust RBA moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for First Trust can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in First Trust RBA. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
The market value of First Trust RBA is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Trust's value that differs from its market value or its book value, called intrinsic value, which is First Trust's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Trust's market value can be influenced by many factors that don't directly affect First Trust's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Trust's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Trust is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Trust's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.