For investors seeking momentum, First Trust Large Cap Growth AlphaDEX Fund FTC is probably on the radar. The fund just hit a 52-week high and is up 43% from its 52-week low of $103.42 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 of where it might be headed:
FTC in Focus
First Trust Large Cap Growth AlphaDEX Fund offers exposure to the growth segment of the large-cap U.S. stock market. It has key holdings in industrials, financials, information technology and consumer discretionary. First Trust Large Cap Growth AlphaDEX Fund charges 60 bps in annual fees (see: all the Large-Cap Growth ETFs here).
Why the Move?
The large-cap growth corner of the broad investing world has been an area to watch lately, given the surge in the stock market. Both the Dow Jones and the S&P 500 Index hit new record highs and logged the best month of the year. Most of the gains were driven by the post-election rally seen on the back of President-elect Donald Trump’s victory. In particular, growth stocks tend to outperform in a trending market (i.e., a market characterized by a prolonged uptrend).
More Gains Ahead?
Currently, FTC has a Zacks ETF Rank #2 (Buy) with a Medium risk outlook, suggesting that the outperformance could continue in the months ahead. Many spaces that make up this ETF have a strong Zacks Industry Rank. So, there is definitely some promise for those who want to ride this surging ETF a little further.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
