First Trust Exchange-Traded Fund VI First Trust Bloomberg Shareholder Yield ETF

SHRY

Market cap $16.9M

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that Large Cap US Equity Select ETF (Nasdaq: RNLC) (the “Fund”), a series of First Trust Exchange-Traded Fund VI (the “Trust”), will change its investment objective, name and other related matters, effective March 4, 2024. FTA previously announced that the Fund will seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Bloomberg.

During the past week, in the wake of the Exchange conference, launches of new ETFs started to pick up again from their recent lull. A total of seven funds rolled out during the week, while several issuers announced or completed ETF closures.