FT Raymond James Multicap Growth Equity ETF

RJMG

Market cap $14.3M

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today approval of the liquidation of FT Raymond James Multicap Growth Equity ETF (NYSE Arca: RJMG), a series of First Trust Exchange-Traded Fund VIII (the “Fund”). Following the resignation of Raymond James & Associates, Inc. (“Raymond James”), the Fund's sub-advisor, and based upon the recommendation of FTA, the investment advisor of the Fund, the Board of Trustees of First Trust Exchange-Traded Fund VIII determine.

Following on last week's top 10 list, this week's blog focuses on ETFs related to the stocks in the list. For this week, we then screened for ETFs that contained each stock that were also rated 5 (Strong Buy), focusing on the ETF that held the stock in the greatest percentage, then traveling down the lists of ETFs that held it until we found one rated 5. This resulted in a list of Strong Buy 5 rated ETFs that held at least one Strong Buy 5 rated stock as a major holding.

First Trust Advisors has launched an actively managed ETF that seeks to provide long-term capital appreciation. The FT Raymond James Multicap Growth Equity ETF (NYSE Arca: RJMG) invests in U.S.-listed equities that exhibit growth characteristics.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“First Trust”), a leading exchange-traded fund (“ETF”) provider and asset manager, announced today that it has launched a new actively managed ETF that seeks to provide long-term capital appreciation, the FT Raymond James Multicap Growth Equity ETF (NYSE Arca: RJMG) (“the fund”). The Model Portfolio is developed and overseen by the fund's non-discretionary investment sub-advisor, Raymond James & Associates, Inc. (“Raymond James”). “.