Notable companies
The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), Morgan Stanley (NYSE:MS), Goldman Sachs Group (NYSE:GS), Citigroup (NYSE:C), US Bancorp (NYSE:USB), PNC Financial Services Group (NYSE:PNC), American International Group (NYSE:AIG), Bank of New York Mellon Corp (NYSE:BK).
Industry description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the StrataQuant® Financials Index.
The fund will invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is a modified equal-dollar weighted index to objectively identify and select stocks from the Russell 1000® Index in the financial services sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX® selection methodology.
Market Cap
The average market capitalization across the First Trust Financials AlphaDEX® ETF ETF is 34.59B. The market cap for tickers in the group ranges from 686.13M to 632.33B. BRK.B holds the highest valuation in this group at 632.33B. The lowest valued company is UWMC at 686.13M.
High and low price notable news
The average weekly price growth across all stocks in the First Trust Financials AlphaDEX® ETF ETF was 1%. For the same ETF, the average monthly price growth was 5%, and the average quarterly price growth was 20%. WFC experienced the highest price growth at 6%, while RKT experienced the biggest fall at -14%.
Volume
The average weekly volume growth across all stocks in the First Trust Financials AlphaDEX® ETF ETF was 6%. For the same stocks of the ETF, the average monthly volume growth was -1% and the average quarterly volume growth was 35%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 65
P/E Growth Rating: 40
Price Growth Rating: 34
SMR Rating: 46
Profit Risk Rating: 36
Seasonality Score: 24 (-100 ... +100)