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First Trust Advisors L.P. Launches (EKG)

Businessman hold virtual medical network connection icons. Covid-19 pandemic develop people awareness and spread attention on their healthcare, rising growth in hospital and health insurance business.

First Trust Advisors L.P. (“First Trust”), has launched a new ETF, the First Trust Nasdaq Lux Digital Health Solutions ETF (Nasdaq: EKG). The fund seeks investment results that correspond generally to the price and yield (before the fund’s fees and expenses) of an index called the Nasdaq Lux Health Tech Index (the “index”), which provides exposure to companies focused on healthcare technology innovations in medical and surgical devices, clinical diagnostics, healthcare-related business/productivity software or some other healthcare technology identified as digital health.

ETF Newz Says:

“The health care sector is leveraging technology in new and innovative ways that have the potential to both raise our standard of living and improve patient outcomes,” said Ryan Issakainen, CFA, Senior Vice President, ETF Strategist at First Trust. “We believe EKG will appeal to investment professionals seeking exposure to some of the most innovative stocks at the intersection of health care and technology,” Issakainen said.