With FCFY, First Trust Targets Companies With High Free Cash Flow Yield

First Trust Advisors has launched a new ETF that invests in large-cap companies with high free cash flow (FCF) yield. The First Trust S&P 500 Diversified Free Cash Flow ETF (NYSE Arca: FCFY) seeks to replicate the performance of the S&P 500 Sector-Neutral FCF Index. FCFY targets companies in the S&P 500 with the highest [...] The post With FCFY, First Trust Targets Companies With High Free Cash Flow Yield appeared first on ETF Trends .