Launched on 04/19/2011, the First Trust Mid Cap Value AlphaDEX ETF (FNK) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Value category of the market.
If you're interested in broad exposure to the Mid Cap Value segment of the US equity market, look no further than the First Trust Mid Cap Value AlphaDEX ETF (FNK), a passively managed exchange traded fund launched on April 19, 2011.
Launched on 04/19/2011, the First Trust Mid Cap Value AlphaDEX ETF (FNK) is a smart beta exchange traded fund offering broad exposure to the Style Box - Mid Cap Value category of the market.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Cynthia Schlanger Ashton Thomas Private Wealth, LLC | 26,473 | $1.47M | $1.6M | $126,313.66 | 8.57% |
Bryan Gort Quest 10 Wealth Builders, Inc. | 50 | $2,676 | $3,018.5 | $342.5 | 12.8% |
| NASDAQ (NMS) Exchange | US Country |
The fund is designed as an investment vehicle that primarily targets securities within the NASDAQ US 600 Mid Cap Index™, employing a strategic focus on selecting value stocks that have the potential to produce positive alpha or risk-adjusted returns. This objective is pursued through the implementation of the AlphaDEX® selection methodology. By committing to invest at least 90% of its net assets, including investments on borrowings, in the constituents of the index, the fund aims to mirror the performance characteristics of its benchmark while striving for additional returns through its distinctive stock selection process.
The fund's offerings are focused on investment in value stocks from the NASDAQ US 600 Mid Cap Index through a specific selection methodology: