Is First Trust Multi Cap Growth AlphaDEX ETF (FAD) a Strong ETF Right Now?
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 Comparison with Other ETFs: The FAD ETF has gained about 10.63% this year and 18.30% over the past year, with a medium risk profile. Investors may also consider lower-cost alternatives like iShares Morningstar Growth ETF and iShares Core S&P U.S. Growth ETF, which have significantly larger asset bases and lower expense ratios.
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Analyst Views on ILCG
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Analysts Predict ILCG Will Hit $112
ETF Performance Analysis: The iShares Morningstar Growth ETF (ILCG) has an implied analyst target price of $111.55, indicating a potential upside of 10.24% from its recent trading price of $101.19.
Notable Holdings with Upside: Key underlying holdings such as Revvity Inc (RVTY), Waters Corp. (WAT), and Fidelity National Information Services Inc (FIS) show significant upside potential, with RVTY at 27.30%, WAT at 24.24%, and FIS at 22.89% above their current prices.
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and industries involved.
Investor Research Importance: Investors are encouraged to conduct further research to determine the validity of analysts' targets and assess the risks associated with high price expectations relative to current trading prices.
Noteworthy ETF Outflows: ILCG, CRM, ANET, DASH
ILCG Share Price Analysis: ILCG's share price is currently at $96.62, with a 52-week low of $69.47 and a high of $97.10, indicating its performance within the trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading 'units' that can be created or destroyed based on investor demand, impacting the underlying holdings significantly.
Peek Under The Hood: ILCG Has 10% Upside
ETF Analysis: The iShares Morningstar Growth ETF (ILCG) has an implied analyst target price of $102.85, indicating a potential upside of 9.87% from its current trading price of $93.61.
Stock Performance Insights: Notable underlying holdings such as Flutter Entertainment, Liberty Media Corp - Formula One Group, and Expedia Group show significant upside potential based on analysts' target prices, raising questions about the accuracy and optimism of these forecasts.
Bullish Two Hundred Day Moving Average Cross - ILCG
ILCG Stock Performance: ILCG's stock has a 52-week low of $69.47 and a high of $94.61, with the last trade recorded at $85.55.
Market Insights: The article mentions other ETFs that have recently crossed above their 200-day moving average, indicating potential market trends.
ILCG Makes Bullish Cross Above Critical Moving Average
ILCG Stock Performance: ILCG's stock has a 52-week low of $70.48 and a high of $94.61, with the last trade recorded at $85.48.
Market Analysis Note: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
ILCG Crosses Below Key Moving Average Level
ILCG Stock Performance: ILCG's stock has a 52-week low of $70.48 and a high of $94.61, with the last trade recorded at $84.54.
Market Analysis Note: The article mentions other ETFs that have recently fallen below their 200-day moving average, indicating potential market trends.
Analysts Predict ILCG Will Hit $112
ETF Performance Analysis: The iShares Morningstar Growth ETF (ILCG) has an implied analyst target price of $111.55, indicating a potential upside of 10.24% from its recent trading price of $101.19.
Notable Holdings with Upside: Key underlying holdings such as Revvity Inc (RVTY), Waters Corp. (WAT), and Fidelity National Information Services Inc (FIS) show significant upside potential, with RVTY at 27.30%, WAT at 24.24%, and FIS at 22.89% above their current prices.
Analyst Target Justification: There are questions regarding whether analysts' target prices are justified or overly optimistic, considering recent developments in the companies and industries involved.
Investor Research Importance: Investors are encouraged to conduct further research to determine the validity of analysts' targets and assess the risks associated with high price expectations relative to current trading prices.
Noteworthy ETF Outflows: ILCG, CRM, ANET, DASH
ILCG Share Price Analysis: ILCG's share price is currently at $96.62, with a 52-week low of $69.47 and a high of $97.10, indicating its performance within the trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading 'units' that can be created or destroyed based on investor demand, impacting the underlying holdings significantly.
Peek Under The Hood: ILCG Has 10% Upside
ETF Analysis: The iShares Morningstar Growth ETF (ILCG) has an implied analyst target price of $102.85, indicating a potential upside of 9.87% from its current trading price of $93.61.
Stock Performance Insights: Notable underlying holdings such as Flutter Entertainment, Liberty Media Corp - Formula One Group, and Expedia Group show significant upside potential based on analysts' target prices, raising questions about the accuracy and optimism of these forecasts.
Bullish Two Hundred Day Moving Average Cross - ILCG
ILCG Stock Performance: ILCG's stock has a 52-week low of $69.47 and a high of $94.61, with the last trade recorded at $85.55.
Market Insights: The article mentions other ETFs that have recently crossed above their 200-day moving average, indicating potential market trends.
ILCG Makes Bullish Cross Above Critical Moving Average
ILCG Stock Performance: ILCG's stock has a 52-week low of $70.48 and a high of $94.61, with the last trade recorded at $85.48.
Market Analysis Note: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
ILCG Crosses Below Key Moving Average Level
ILCG Stock Performance: ILCG's stock has a 52-week low of $70.48 and a high of $94.61, with the last trade recorded at $84.54.
Market Analysis Note: The article mentions other ETFs that have recently fallen below their 200-day moving average, indicating potential market trends.
