Large-Cap ETF (FEX) Hits New 52-Week High
Zacks Investment Research | Nov 19, 2019 01:30AM ET
For investors seeking momentum, First Trust Large Cap Core AlphaDEX Fund (ASX:FEX) is probably on radar. The fund just hit a 52-week high and is up 29.8% from its 52-week low price of $48.89 per share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
FEX in Focus
This ETF provides exposure to the large-cap segment of the broader market and employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Index. It has a well-diversified portfolio with key holdings in financials, industrials, consumer cyclicals and information technology. The fund charges 61 bps in annual fees (read: Zacks Investment Research
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