Fortress Wealth Group's Sale: Fortress Wealth Group sold 27,140 shares of the First Trust Mid Cap Core AlphaDEX Fund (FNX) for approximately $3.3 million in the third quarter, reducing its position to 11,107 shares valued at $1.4 million.
Performance Comparison: FNX shares have increased by 8% over the past year, underperforming the S&P 500, which gained nearly 20% during the same period.
Investment Strategy: The FNX fund employs a quantitative selection process using the AlphaDEX® methodology to invest in mid-cap stocks, aiming for positive alpha through a diversified portfolio.
Market Positioning: Fortress's reduction in FNX holdings suggests a strategic shift towards larger-cap or income-generating assets, reflecting a focus on risk management and consistent growth in a changing market environment.
Wall Street analysts forecast FNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNX 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
Wall Street analysts forecast FNX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FNX 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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0 Sell
Current: 135.365
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Current: 135.365
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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.
