First Trust NYSE Arca Biotechnology Index Fund (FBT)
- Previous Close
141.52 - Open
141.26 - Bid 140.15 x 800
- Ask 144.31 x 900
- Day's Range
140.36 - 142.17 - 52 Week Range
130.27 - 161.41 - Volume
21,566 - Avg. Volume
27,620 - Net Assets 1.17B
- NAV 141.69
- PE Ratio (TTM) 16.52
- Yield 0.00%
- YTD Daily Total Return -10.36%
- Beta (5Y Monthly) 0.76
- Expense Ratio (net) 0.56%
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is an equal-dollar weighted index designed to measure the performance of 30 leading biotechnology companies.
First Trust Advisors L.P.
Fund Family
Health
Fund Category
1.17B
Net Assets
2006-06-19
Inception Date
Performance Overview: FBT
Trailing returns as of 4/19/2024. Category is Health.
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Holdings: FBT
Top 10 Holdings (38.16% of Total Assets)
Sector Weightings
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Research Reports: FBT
Daily Spotlight: Demand Shifts for U.S. Debt
Demand from all corners of the globe for the safety and security of U.S. Treasury debt has acted to keep a lid on long-term interest rates, even as the Federal Reserve has raised short-term rates aggressively over the past two-plus years and inflation has remained stubbornly high. Total public debt owed by the U.S. federal government was $34 trillion at the end of 4Q23, according to the DOT. Outside of U.S. investors, the two largest holders of U.S. public debt are Japan, which owns 3.4% of the debt, and China, which owns 2.3%. The other nations among the top 10 holders have 8% of the debt, so the top 10 holders collectively own about 14%. The grand total of U.S. debt owned by foreign holders is $8.0 trillion, or about 24% of the total. This absolute holdings level has increased 200 basis points over the past six months. Japan has been a leader here, as the nation's holdings have increased by 6%, or $55 billion in the past six months. China, meanwhile, has been selling, in part for political reasons. China's current Treasury holdings are lower by about $65 billion over the past year. Over in Europe, countries such as England, France, and Luxembourg have been buyers. We think this type of global demand for U.S. Treasuries should help keep a lid on long-term rates in 2024-2025.
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Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.
RatingNeutralPrice TargetVRSN: Lowering target price to $201.00
VERISIGN INC has an Investment Rating of HOLD; a target price of $201.000000; an Industry Subrating of High; a Management Subrating of Medium; a Safety Subrating of Medium; a Financial Strength Subrating of Medium; a Growth Subrating of Medium; and a Value Subrating of Medium.
RatingNeutralPrice TargetAnalyst Report: Vornado Realty Trust
Vornado owns and has an ownership interest in Class A office and retail properties highly concentrated in Manhattan, with additional properties in San Francisco and Chicago. It operates as a real estate investment trust.
RatingNeutralPrice Target