Monday's ETF with Unusual Volume: FNK

Third-Quarter Performance: PVH Corp. reported third-quarter sales of $2.255 billion, exceeding estimates, but provided a soft outlook with expected revenue declines of 6% to 7% for the fourth quarter and fiscal year 2024.

Stock Buyback and Market Reaction: The company repurchased $29 million in shares during the quarter and plans to buy back around $400 million in total for 2024; however, PVH shares fell by 2.5% following the earnings report.

Overview of FNK ETF: The First Trust Mid Cap Value AlphaDEX ETF (FNK) is a passively managed fund focused on mid-cap value stocks, with assets over $231.52 million and an annual operating expense ratio of 0.70%. It aims to match the performance of the Nasdaq AlphaDEX Mid Cap Value Index and has shown a return of approximately 29.11% in the past year.

Investment Considerations: FNK primarily invests in the Financials sector and offers diversification with about 227 holdings. While it carries a medium risk profile, investors may also consider alternative ETFs like iShares Russell Mid-Cap Value ETF and Vanguard Mid-Cap Value ETF, which have lower expense ratios and significantly larger asset bases.

Overview of FNK ETF: The First Trust Mid Cap Value AlphaDEX ETF (FNK), launched in 2011, aims to provide broad exposure to mid-cap value stocks using a smart beta strategy that selects stocks based on specific fundamental characteristics rather than market capitalization.

Performance and Comparison: FNK has shown a year-to-date increase of approximately 24.48% with a higher expense ratio of 0.70%, making it more expensive compared to other ETFs like iShares Russell Mid-Cap Value ETF (IWS) and Vanguard Mid-Cap Value ETF (VOE), which offer lower costs and potentially better risk-adjusted returns.

Overview of FNK ETF: The First Trust Mid Cap Value AlphaDEX ETF (FNK) is a passively managed fund focusing on mid-cap value stocks, with assets over $219 million and an expense ratio of 0.70%. It aims to match the performance of the Nasdaq AlphaDEX Mid Cap Value Index and has shown a 25.15% increase over the past year.

Investment Considerations: FNK offers diversified exposure with a significant allocation in the Financials sector, but it carries a higher expense ratio compared to similar ETFs like iShares Russell Mid-Cap Value ETF and Vanguard Mid-Cap Value ETF. Investors are encouraged to evaluate holdings and consider other options in the mid-cap value space.

Overview of FNK ETF: The First Trust Mid Cap Value AlphaDEX ETF (FNK), launched in 2011, aims to provide exposure to mid-cap value stocks using a smart beta strategy that selects stocks based on fundamental characteristics rather than market capitalization. It has approximately $213.23 million in assets and focuses heavily on the Financials sector.

Performance and Comparison: FNK has shown a year-to-date increase of about 9.73% and carries an expense ratio of 0.70%, which is higher compared to other ETFs like iShares Russell Mid-Cap Value ETF and Vanguard Mid-Cap Value ETF, making them potentially more attractive options for cost-conscious investors.