Is First Trust Multi Cap Growth AlphaDEX ETF a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 15 2024
0mins
Source: Benzinga
Overview of First Trust Multi Cap Growth AlphaDEX ETF: Launched in 2007, the FAD ETF aims to provide broad exposure to the All Cap Growth category using a smart beta strategy that selects stocks based on fundamental characteristics rather than market capitalization. It has approximately $204.85 million in assets and an expense ratio of 0.64%.
Performance and Alternatives: The ETF has shown a year-to-date gain of about 10.63% and is considered a medium-risk investment with 672 holdings. Investors may also explore alternatives like iShares Morningstar Growth ETF and iShares Core S&P U.S. Growth ETF, which offer lower expense ratios and aim to match market returns.
Analyst Views on ILCG
Wall Street analysts forecast ILCG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILCG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 104.230
Low
Averages
High
Current: 104.230
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
