First Trust Value Line 100 Exchange-Traded Fund
FVL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Jan 2, 2009
- CIK
- 0001329377
- Similar Companies
- Business
- First Trust Value Line 100 Exchange-Traded Fund (FVL) is an exchange-traded fund that seeks to track the performance of the Value Line 100 Index, measuring the 100 highest-ranked U.S. securities based on Value Line's proprietary Timeliness Ranking System; it invests at least 90% of its net assets in the common stocks and depositary receipts comprising the index, focusing on value stocks across diversified sectors and market capitalizations. The fund offers investors exposure to an equally weighted portfolio of large- and mid-cap U.S. equities selected through proprietary price and earnings screens. Managed by First Trust Advisors L.P., it was launched on April 18, 2003, and is domiciled in the United States with operations primarily in U.S. public equity markets targeting institutional and retail investors seeking value-oriented strategies. In a significant reorganization completed on December 14, 2020, FVL was merged into First Trust Value Line Dividend Index Fund (FVD), with FVL shareholders receiving FVD shares at an exchange ratio of 0.662214 based on closing net asset values; this strategic shift transitioned assets from the Timeliness Ranking-focused Value Line 100 Index to FVD's Value Line Dividend Index, emphasizing securities with above-average dividend yields and Value Line's Safety Ranking System. No major partnerships, acquisitions, new product launches, or further operational changes specific to FVL have been reported in the last 1-2 years amid First Trust Advisors' broader expansions, such as launching over 300 ETFs including critical metals and bitcoin strategy funds by late 2025. FVL continues to trade with a reported market capitalization around $36.82 million as of recent data, maintaining its historical profile under First Trust Advisors L.P., headquartered in Wheaton, Illinois.