First Trust launched new ETFs this week

The First Trust SMID Cap Rising Dividend Achievers ETF will track the NASDAQ US Small Mid Cap Rising Dividend Achievers Index, which provides exposure to small and mid- cap U.S. companies that have a history of raising their dividends and that exhibit characteristics suggesting they may continue to do so into the future. The First Trust Municipal High Income ETF will seek to provide federally tax-exempt income and to be long-term capital appreciation. The fund will invest in municipal debt securities that pay interest that is exempt from regular federal income taxes.