FPWR

First Trust EIP Power Solutions ETF

$34.02

+0.00%

Market closed. Last update: 10:50 PM ET

📎 Investment Objective

The First Trust EIP Power Solutions ETF seeks to provide investment results that correspond generally to the price and yield performance of the EIP Power Solutions Index, which is designed to track the performance of companies involved in the power solutions industry.

Overview

ETF tracking First Trust EIP Power Solutions ETF

Category Utilities

Issuer First Trust

Inception Date 2019-08-20

Market Cap $20.4M

Average Volume N/A

Dividend Yield 0.45%

52-Week Range $31.93 - $34.20

VWAP $34.01

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The ETF invests in a portfolio of securities that seeks to replicate the EIP Power Solutions Index. The index includes companies that are engaged in the research, development, production, distribution, and installation of power solutions, including renewable energy, energy efficiency, and energy storage technologies.

✨ Key Features

Exposure to companies in the power solutions industry, including renewable energy, energy efficiency, and energy storage
Seeks to track the performance of the EIP Power Solutions Index
Low expense ratio of 0.00%
Relatively new fund with limited performance history

⚠️ Primary Risks

Concentration risk as the fund is focused on a specific industry sector
Potential volatility due to the nature of the power solutions industry
Limited performance history and assets under management
Tracking error risk as the fund may not perfectly replicate the index

👤 Best For

This ETF may be suitable for investors seeking exposure to the power solutions industry, including renewable energy, energy efficiency, and energy storage technologies. However, due to the fund's limited history and small asset base, it may be more appropriate for investors with a higher risk tolerance and a long-term investment horizon.