Strong year-to-date (16.06%) and one-year (17.43%) returns, substantial assets under management ($1.91 billion), reasonable expense ratio (0.55%), and effective diversification with 51 holdings make it a solid option for growth-oriented investors seeking to outperform the market.
First Trust Nasdaq-100 Select Equal Weight ETF news
About First Trust Nasdaq-100 Select Equal Weight ETF
The ETF received a Zacks ETF Rank of 2 (Buy) with strong year-to-date (14.34%) and one-year (20.68%) returns. It offers competitive expense ratio (0.55%), good diversification with 51 holdings, and is described as an 'excellent option' for large-cap growth investors.
The ETF has significantly underperformed the S&P 500 by 16 percentage points, returned only 5.2% over the past year, and dropped 10.6% year-to-date. A major institutional investor reduced its position, indicating dissatisfaction with performance despite the fund's diversified equal-weight approach.
Also mentions QQEW
Articles that tag QQEW but are mainly about other companies.
Articles and sentiment ratings from Massive / Polygon. Sentiment is the provider's model rating for this company, not Gainbot's view.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology