The First Trust Large Cap Core AlphaDEX Fund (FEX) reported a significant outflow of approximately $270.6 million, marking a 14.7% decrease in shares outstanding from 13,600,002 to 11,600,002. This decline was noted in the week leading up to [insert specific date], highlighting notable investor activity in the ETF sector.
Major holdings within FEX, such as Cognizant Technology Solutions Corp. (CTSH), which fell by 2.9%, and Accenture plc (ACN), down by 2%, contributed to these shifts. The Cigna Group (CI), in contrast, saw an uptick of about 1.2%.
FEX’s recent trading price was recorded at $135.25, nestled between its 52-week low of $109.18 and high of $140.125. Such movements may influence the underlying assets as large inflows or outflows can necessitate purchasing or selling of holdings within the ETF.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
