First Trust Large Cap Growth Fund (FTC)
Summary
FTC Chart
Amazon stock falls on FTC lawsuit but analysts bullish despite near-term pressure
Amazon shares came under pressure on Tuesday as investors weighed a new antitrust lawsuit from US regulators against the company's growing advertising business, while broader market weakness added to the selling pressure. Amazon stock was down nearly 1.8% in trading, extending Monday's decline after the Federal Trade Commission and 22 US states sued the e-commerce giant over allegations that it manipulated the prices advertisers paid to promote products on its marketplace.
The Morning Risk Report: FTC Files Lawsuit Alleging Amazon Deceived Advertisers
Plus: George Santos gets Kalshi ban and G-20 warned of AI cyber threats.
FTC accuses Amazon of running a ‘secret ad surcharge scheme' in new lawsuit
Amazon is facing a new lawsuit from the Federal Trade Commission (FTC) and 22 states, which accuse the company of secretly charging businesses more for advertising on its platform.
First Trust Large Cap Growth Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 151,776 | $29.41M | $27.92M | -$1.49M | -5.08% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 1,800 | $248,850 | $335,537.64 | $86,687.64 | 34.84% |
| PN Peter Nicholson First Bancorp Inc. /ME/ | 309 | $59,874.93 | $56,680.12 | -$3,194.81 | -5.34% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 46,986 | $6.49M | $8.66M | $2.18M | 33.6% |
| PP Philip Perry FLAGSTAR ADVISORS Inc. | 2,719 | $371,712.82 | $478,761.53 | $107,048.71 | 28.8% |
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First Trust Large Cap Growth Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The company operates an investment fund focused on capitalizing on growth stocks within the NASDAQ US 500 Large Cap Index™. It aims to achieve positive alpha, or risk-adjusted returns higher than traditional indices, by investing at least 90% of its net assets in securities that are part of the index and utilizing the innovative AlphaDEX® selection methodology. This approach seeks to identify potential growth stocks that promise higher returns by applying a proprietary stock selection process.
Products and Services
- Investment in NASDAQ US 500 Large Cap Index™ Constituents
The company's primary service involves investing a minimum of 90% of its net assets in stocks that are part of the NASDAQ US 500 Large Cap Index™. This investment strategy is focused on harnessing the growth potential within the large-cap segment of the market.
- AlphaDEX® Selection Methodology
A unique aspect of the fund's investment approach is the use of the AlphaDEX® selection methodology. This proprietary technique is designed to select stocks that may outperform the market, aiming to generate positive alpha. The methodology evaluates stocks based on various growth and value factors to identify those with the best potential for risk-adjusted returns.
