First Trust NASDAQ-100 Technology Index Fund (QTEC)
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Is First Trust NASDAQ-100-Technology Sector ETF (QTEC) a Strong ETF Right Now?
The First Trust NASDAQ-100-Technology Sector ETF (QTEC) made its debut on 04/19/2006, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.
Should You Invest in the First Trust NASDAQ-100-Technology Sector ETF (QTEC)?
If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the First Trust NASDAQ-100-Technology Sector ETF (QTEC), a passively managed exchange traded fund launched on April 19, 2006.
Is First Trust NASDAQ-100-Technology Sector ETF (QTEC) a Strong ETF Right Now?
Designed to provide broad exposure to the Technology ETFs category of the market, the First Trust NASDAQ-100-Technology Sector ETF (QTEC) is a smart beta exchange traded fund launched on 04/19/2006.
First Trust NASDAQ-100 Technology Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 9,872 | $1.79M | $3.07M | $1.28M | 71.52% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 39,612 | $7.25M | $12.24M | $4.99M | 68.76% |
 Bank Hapoalim B.M. Bank Hapoalim B.M. | 2,737 | $582,848.43 | $851,945.99 | $269,097.56 | 46.17% |
| PP Philip Perry FLAGSTAR ADVISORS Inc. | 1,172 | $224,016.47 | $370,480.92 | $146,464.45 | 65.38% |
| YA Yinka Akinsola Blue Trust Inc. | 91 | $20,894.51 | $28,063.94 | $7,169.43 | 34.31% |
First Trust NASDAQ-100 Technology Index Fund (QTEC) FAQ
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Has First Trust NASDAQ-100 Technology Index Fund ever had a stock split?
First Trust NASDAQ-100 Technology Index Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is designed for investors seeking exposure to technology companies listed on the NASDAQ-100 Index®, but with a twist in its investment approach. Unlike other funds that may weight holdings based on market capitalization, this fund adopts an equal-weight strategy specifically for its technology sector stocks. This means each company within the fund's portfolio has an equal opportunity to influence the fund's overall performance, regardless of its market size. This strategy aims to provide a more diversified investment in technology stocks, aiming to reduce the risk associated with the market's larger, more dominant players potentially skewing the performance. The fund's commitment to investing at least 90% of its net assets in the securities that make up its target index ensures that investors are getting a focused exposure to the technology sector as defined by the Industry Classification Benchmark system.
Products and Services
The fund primarily offers investors an innovative financial product focused on technology investments, leveraging a unique indexing strategy. Below are the key products and services provided:
- Technology Sector Investment Fund:
This product is the core offering, allowing investors to gain exposure to technology stocks within the NASDAQ-100 Index®. The fund employs an equal-weighted index strategy, ensuring that each tech company, regardless of its market capitalization, contributes equally to the portfolio's overall performance. This method aims to provide a balanced investment opportunity in the technology sector, potentially lowering investment risk and offering a different growth trajectory compared to traditional cap-weighted investment funds.
- Equal-Weighted Index Exposure:
As a complementary service to its main investment fund, the organization provides exposure to an equal-weighted index composed of NASDAQ-100 technology stocks. This index, derived from a precise classification system, ensures that investors can benefit from a diversified approach to technology investing. By weighting each constituent equally, the index and the corresponding fund aim to capture the breadth of the technology sector's growth potential, rather than being overly concentrated in a few top performers.
