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Upturn AI SWOT - About
First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)
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Upturn Advisory Summary
08/14/2025: QQEW (1-star) is a SELL. SELL since 3 days. Profits (9.14%). Updated daily EoD!
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Analysis of Past Performance
Type ETF | Historic Profit 22.97% | Avg. Invested days 64 | Today’s Advisory SELL |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  4.0 |
| Profits based on simulation | Last Close 08/14/2025 |
Key Highlights
Volume (30-day avg) - | Beta 1.06 | 52 Weeks Range 104.18 - 136.22 | Updated Date 06/29/2025 |
52 Weeks Range 104.18 - 136.22 | Updated Date 06/29/2025 |
Upturn AI SWOT
First Trust NASDAQ-100 Equal Weighted Index Fund
ETF Overview
Overview
The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) seeks investment results that correspond generally to the price and yield of the NASDAQ-100 Equal Weighted Index. It provides equal weight exposure to the 100 largest non-financial companies listed on the NASDAQ, diversifying away from the market-cap weighted concentration of the standard NASDAQ-100 index.
Reputation and Reliability
First Trust is a well-established ETF issuer with a strong reputation and a wide range of ETF offerings.
Management Expertise
First Trust has a dedicated team of experienced investment professionals managing its ETFs, focusing on index-based and actively managed strategies.
Investment Objective
Goal
To provide investment results that correspond generally to the price and yield of the NASDAQ-100 Equal Weighted Index.
Investment Approach and Strategy
Strategy: Tracks the NASDAQ-100 Equal Weighted Index, which equally weights the stocks in the NASDAQ-100.
Composition Primarily holds stocks of the 100 largest non-financial companies listed on the NASDAQ stock exchange.
Market Position
Market Share: QQEW has a moderate market share within the equal-weighted technology ETF segment.
Total Net Assets (AUM): 1530000000
Competitors
Key Competitors
- Invesco S&P 500 Equal Weight Technology ETF (RSPT)
- Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
Competitive Landscape
The competitive landscape features funds tracking similar equal-weighted indices or focusing on specific sectors. QQEW offers a focused approach to the NASDAQ-100 with an equal-weighting scheme, mitigating concentration risk compared to market-cap weighted alternatives. Advantages include diversification across the NASDAQ-100. Disadvantages include potential underperformance compared to market-cap weighted indexes during periods of strong performance by larger companies.
Financial Performance
Historical Performance: Historical performance data can be obtained from financial data providers, showcasing returns over various periods (e.g., 1-year, 3-year, 5-year, 10-year).
Benchmark Comparison: The ETF's performance is compared to the NASDAQ-100 Equal Weighted Index to assess tracking accuracy.
Expense Ratio: 0.58
Liquidity
Average Trading Volume
QQEW exhibits a moderate average daily trading volume, indicating reasonable liquidity for most investors.
Bid-Ask Spread
The bid-ask spread is typically moderate, reflecting the ETF's liquidity and trading activity.
Market Dynamics
Market Environment Factors
Economic indicators, sector growth prospects (particularly in technology), and overall market sentiment influence QQEW's performance.
Growth Trajectory
The fund's growth trajectory depends on the performance of the NASDAQ-100 constituents and the continued interest in equal-weighted investment strategies. There are no changes to the fund's strategy or holdings currently.
Moat and Competitive Advantages
Competitive Edge
QQEW's competitive edge lies in its equal-weighted approach to the NASDAQ-100, offering diversification benefits compared to market-cap weighted indices. This strategy can potentially reduce concentration risk and provide a more balanced exposure to the technology sector. Its established presence and brand recognition within the equal-weighted ETF space also contribute to its advantage. Investors seeking broader exposure within the NASDAQ-100 may find QQEW appealing.
Risk Analysis
Volatility
QQEW's volatility is generally comparable to that of the broader NASDAQ-100 index, influenced by the technology sector's inherent volatility.
Market Risk
Specific risks include market risk (general market declines), sector risk (exposure to technology companies), and tracking error (deviation from the index's performance).
Investor Profile
Ideal Investor Profile
The ideal investor is one seeking diversified exposure to the NASDAQ-100 index with a focus on equal weighting. This includes investors who are looking for lower concentration risk and believe in the growth potential of the technology sector.
Market Risk
QQEW is suitable for long-term investors seeking diversified exposure to the technology sector with an equal-weighting approach, and those who want less exposure to mega-cap tech companies.
Summary
QQEW offers equal-weighted exposure to the NASDAQ-100, providing diversification benefits compared to market-cap weighted alternatives. It is suitable for investors seeking broader exposure to the technology sector. The fund aims to mitigate concentration risk and provide more balanced exposure within the NASDAQ-100. However, investors should note the expense ratio and monitor the fund's tracking error compared to its benchmark.
Peer Comparison
Sources and Disclaimers
Data Sources:
- First Trust website
- ETF.com
- Morningstar
- Bloomberg
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About First Trust NASDAQ-100 Equal Weighted Index Fund
Exchange NASDAQ | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is the equal-weighted version of the NASDAQ-100 Index® which includes 100 of the largest U.S. and international non-financial companies listed on Nasdaq based on market capitalization.
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.