First Trust Technology AlphaDEX ETF (FXL) offers exposure to Technology sector, with strong performance and low cost.

From Nasdaq: 2024-10-21 06:20:06

The First Trust Technology AlphaDEX ETF (FXL) offers exposure to the Technology – Broad sector, launched in 2007. Passively managed ETFs, like FXL, are popular for their low cost and transparency. This ETF aims to match the StrataQuant Technology Index’s performance and has a 0.62% expense ratio. Sector ETFs provide diversified exposure to specific industries, with FXL heavily focused on Information Technology. The fund has $1.38 billion in assets and a 12-month trailing dividend yield of 0.36%. The top three holdings are Applovin Corp. (APP), Palantir Technologies Inc. (PLTR), and Meta Platforms Inc. (META). FXL has gained 11.91% year-to-date and 28.71% in the last year, with a beta of 1.14 and standard deviation of 25.27%. It holds a Zacks ETF Rank of 1 (Strong Buy) and is a good option for investors seeking exposure to the Technology sector. Other ETF alternatives in the space include XLK and VGT, both with different expense ratios and assets under management. To learn more about FXL and other ETFs, visit the Zacks ETF Center. Sign up for free ETF info and analysis through Zacks’ Fund Newsletter.



Read more at Nasdaq: Should You Invest in the First Trust Technology AlphaDEX ETF (FXL)?