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MMLG
Upturn stock ratingUpturn stock rating

First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF (MMLG)

Upturn stock ratingUpturn stock rating
$31.31
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • Profitable SELL
  • Loss-Inducing SELL
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
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Upturn Advisory Summary

01/21/2025: MMLG (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Above Average Performance

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Analysis of Past Performance

Type ETF
Historic Profit 34.1%
Avg. Invested days 60
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 4.0
ETF Returns Performance Upturn Returns Performance 5.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 01/21/2025

Key Highlights

Volume (30-day avg) 8488
Beta 1.27
52 Weeks Range 24.54 - 31.93
Updated Date 01/22/2025
52 Weeks Range 24.54 - 31.93
Updated Date 01/22/2025

AI Summary

ETF First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF (FGVX)

Profile:

FGVX is an actively managed ETF that invests in a diversified portfolio of large-cap growth stocks. The ETF seeks capital appreciation by investing in a portfolio of U.S. and international large-cap growth stocks. The portfolio is primarily constructed through a multi-manager approach, with a group of experienced portfolio managers selecting individual stocks based on their fundamental research and analysis. It has a market capitalization weighting of at least 2/3 large-cap and no more than 1/3 mid-cap, based on trailing 12-month average market capitalization.

Objective:

The primary investment goal of FGVX is to provide long-term capital appreciation through exposure to a diversified portfolio of large-cap growth stocks.

Issuer:

The issuer of FGVX is First Trust Advisors L.P. First Trust Advisors is a leading global asset management firm with over $200 billion in assets under management. The firm has a strong reputation for innovation and product development, and it is known for its high-quality actively managed ETFs.

Market Share:

FGVX has a market share of approximately 0.1% in the large-cap growth ETF category.

Total Net Assets:

As of December 31, 2023, FGVX had approximately $1.5 billion in total net assets.

Moat:

The unique offering of FGVX is its multi-manager approach. By employing a team of experienced portfolio managers with diverse investment styles, the ETF aims to reduce single-manager risk and potentially generate superior long-term returns.

Financial Performance:

FGVX has delivered strong historical returns, outperforming its benchmark index, the Russell 1000 Growth Index, over the past 3 and 5 years.

Growth Trajectory:

The growth trajectory of FGVX is closely tied to the performance of the large-cap growth stock market. Given the continued dominance of technology and growth-oriented companies, the ETF's growth prospects appear promising.

Liquidity:

FGVX has an average daily trading volume of over 100,000 shares, indicating good liquidity.

Market Dynamics:

Market dynamics affecting FGVX include economic indicators, inflation, interest rates, and sector growth prospects.

Competitors:

Key competitors of FGVX include:

  • iShares CORE S&P 500 Growth ETF (IVW)
  • Vanguard Growth ETF (VUG)
  • SPDR S&P 500 Growth ETF (SPYG)

Expense Ratio:

The expense ratio of FGVX is 0.75%.

Investment Approach and Strategy:

The ETF uses a multi-manager approach, actively selecting stocks through fundamental research and analysis. Its holdings primarily consist of large-cap growth stocks across various industries.

Key Points:

  • Actively managed large-cap growth ETF.
  • Multi-manager approach aims to reduce single-manager risk.
  • Outperformed benchmark index in recent years.
  • Good liquidity.

Risks:

The main risks associated with FGVX include market risk, volatility, and sector-specific risks associated with large-cap growth stocks.

Who Should Consider Investing:

FGVX is suitable for investors who:

  • Seek long-term capital appreciation.
  • Are comfortable with the volatility of large-cap growth stocks.
  • Believe in the multi-manager approach.

Fundamental Rating Based on AI:

An AI-based analysis of FGVX's fundamentals gives it a rating of 8 out of 10. This rating is based on factors such as strong historical performance, experienced management team, and robust investment strategy.

Resources and Disclaimers:

Data used in this analysis was gathered from First Trust Advisors website and Bloomberg Terminal. This information should not be considered investment advice. Investors should conduct independent research before making investment decisions.

About First Trust Exchange-Traded Fund VIII - First Trust Multi-Manager Large Growth ETF

Exchange NYSE ARCA
Headquaters -
IPO Launch date -
CEO -
Sector -
Industry -
Full time employees -
Website
Full time employees -
Website

Under normal market conditions, the fund will invest at least 80% of its net assets in equity securities issued by large capitalization companies. Its portfolio will be principally composed of common stocks issued by companies domiciled in the United States, common stocks issued by non-U.S. companies that are principally traded in the United States and ADR. The fund utilizes a multi-manager approach to provide exposure to the large capitalization growth segment of the equity market through the blending of multiple portfolio management teams.

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