Significant ETF Redemptions Observed – FVD, SR, WTRG, XEL

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The First Trust Value Line Dividend Index Fund (FVD) reported an approximate $83 million outflow, representing a 0.9% decrease in shares outstanding from 192,940,884 to 191,140,884. This shift occurred in the week leading up to today’s market update.

Key underlying components of FVD, including Spire Inc (SR) and Essential Utilities Inc (WTRG), are experiencing minor declines of 0.6% and 0.4%, respectively, while Xcel Energy Inc (XEL) has increased by 0.5%. The current share price of FVD is $46.14, with a 52-week low of $40.07 and a high of $47.01.

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