CARZ

The popular arbitrage trade involving Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) is causing unexpected pain as the U.S. stock premium over its Taiwanese counterpart reaches a 15-year high. What Happened: The premium of TSMC’s American depositary receipts over its Taiwan stock has surged to 22% this quarter, the highest average since 2009, Bloomberg reported on Monday. This surge is attributed to the U.S.’s growing enthusiasm for artificial intelligence. Despite a 66% increase in ADRs and a 53% rise in Taipei shares this year, both are still trading below their 2021 valuation highs. The ADRs’ accessibility to foreign investors and their inclusion in various indices and exchange-t

Apple Inc (NASDAQ:AAPL), Qualcomm Inc (NASDAQ:QCOM), Nvidia Corp (NASDAQ:NVDA), and Advanced Micro Devices, Inc (NASDAQ:AMD) have almost fully booked Taiwan Semiconductor Manufacturing Company Ltd's (NYSE:TSM) 3nm chip production process until 2026, reflecting the artificial intelligence frenzy. This demand spike reflects the rapid evolution of AI technology, pushing TSMC to innovate further in advanced manufacturing, TechNode reports. N3E, which started mass production last quarter, targets AI accelerators, high-end smartphones, and data centers. N3P, scheduled for mass production later this year, will cater to mobile devices and consumer electronics. It will likely be the standard by

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 138 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: December 23, 2022 Record Date: December 27, 2022 Payable Date: December 30, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount Long-Term Capital Gain Per Share Amount     ACTIVELY MANAGED EXCHANGE-TRADED FUNDS       First Trust Exchange-Traded Fund III   FCAL Nasdaq First Trust California Municipal High Income ETF

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 129 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:       September 23, 2022 Record Date:       September 26, 2022 Payable Date:       September 30, 2022 Ticker   Exchange   Fund Name   Frequency     Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS     First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly     $0.1000 FEMB

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 135 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations:   Expected Ex-Dividend Date:   June 24, 2022   Record Date:   June 27, 2022   Payable Date:   June 30, 2022 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III    FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0925 FEMB   N

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 120 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date: March 25, 2022 Record Date: March 28, 2022 Payable Date: March 31, 2022 Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount   ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0900 FEMB Nasdaq First Trust Emerging Markets

Index-based ETFs that provide exposure to companies engaged in streaming & gaming, future vehicles and e-commerce First Trust Advisors L.P. ("First Trust"), a leading exchange-traded fund ("ETF") provider and asset manager, announced today that it launched a new index-based ETF, the First Trust S-Network Streaming & Gaming ETF (NYSE Arca: BNGE). Additionally, two existing funds have undergone changes. The First Trust NASDAQ Global Auto Index Fund (NASDAQ:CARZ) changed to First Trust S-Network Future Vehicles & Technology ETF and the First Trust Nasdaq Retail ETF (NASDAQ:FTXD) changed to the First Trust S-Network E-Commerce ETF (NASDAQ:ISHP) (collectively, the "funds"). The funds add to Fi

First Trust NASDAQ Global Auto Index Fund (NASDAQ:CARZ) (the "Fund"), an exchange-traded index fund and a series of First Trust Exchange-Traded Fund II (the "Trust"), previously announced changes to its investment objective and the Fund's name. Effective January 26, 2022, the Fund will seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the S-Network Electric & Future Vehicle Ecosystem Index (the "New Index"). Currently, the Fund seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the NASDAQ Global Auto Index. The New Index will

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 133 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   December 23, 2021 Record Date:   December 27, 2021 Payable Date:   December 31, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount   Short-Term Capital Gain Per Share Amount   Long-Term Capital Gain Per Share Amount           ACTIVELY MANAGED EXCHANGE-TRADED FUNDS                    First Trust Excha

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   September 23, 2021 Record Date:   September 24, 2021 Payable Date:   September 30, 2021 Ticker   Exchange   Fund Name   Frequency   Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL   Nasdaq   First Trust California Municipal High Income ETF   Monthly   $0.0900 FEMB   Nasdaq  

First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 122 exchange-traded funds (each a "Fund," collectively, the "Funds") advised by FTA. The following dates apply to today's distribution declarations: Expected Ex-Dividend Date:   June 24, 2021 Record Date:   June 25, 2021 Payable Date:   June 30, 2021   Ticker Exchange Fund Name Frequency Ordinary Income Per Share Amount ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FCAL Nasdaq First Trust California Municipal High Income ETF Monthly $0.0950 FEMB Nasdaq First Trust Emerging Markets Local Curren