Is First Trust Technology AlphaDEX ETF a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 09 2024
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Source: Benzinga
Overview of First Trust Technology AlphaDEX ETF: Launched in 2007, the FXL ETF offers broad exposure to technology stocks through a smart beta strategy, aiming to outperform traditional market cap-weighted indices by selecting stocks based on specific fundamental characteristics.
Performance and Alternatives: As of September 2024, FXL has experienced a slight year-to-date loss but a positive annual return. Investors may also consider alternatives like the Technology Select Sector SPDR ETF (XLK) and Vanguard Information Technology ETF (VGT), which have lower expense ratios and aim to match market returns.
Analyst Views on FXL
Wall Street analysts forecast FXL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXL 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.
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Current: 175.385
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Current: 175.385
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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.
