First Trust NASDAQ-100-Technology Sector ETF (QTEC) offers exposure to Technology sector, with strong performance

From Nasdaq: 2024-05-23 06:20:06

The First Trust NASDAQ-100-Technology Sector ETF (QTEC) was launched in 2006 and is a passively managed ETF offering exposure to the Technology – Broad sector. Investors favor ETFs for low costs, transparency, and long-term benefits. QTEC has over $4 billion in assets, aiming to match the NASDAQ-100 Technology Sector Index’s performance.

Sector ETFs like QTEC provide diversified exposure with low risk. QTEC has 91.10% allocation to Information Technology sector and top holdings include Texas Instruments and Apple Inc. Performance wise, QTEC has gained 10.35% this year and 45.58% in the last year, with a beta of 1.18 indicating higher risk compared to peers.

QTEC holds a Zacks ETF Rank of 1 (Strong Buy) and may appeal to investors seeking exposure to the Technology ETFs segment. Alternatives like XLK and VGT are also available with different asset sizes and expense ratios. Investors can access more information on ETFs at Zacks ETF Center.



Read more at Nasdaq: Should You Invest in the First Trust NASDAQ-100-Technology Sector ETF (QTEC)?