Guided Capital Wealth Management sold its entire holding of 12,639 shares of the First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) for an estimated $2.90 million transaction. The firm no longer holds any shares of QTEC following the sale. The value of QTEC shares was $236.31 as of January 14, showing a 25.0% increase over the past year, outperforming the S&P 500 by 6.41 percentage points. The fund’s top holdings post-sale include USFR, QUAL, CGUS, DEED, and PYLD. The decision to exit the tech-heavy ETF appears to be a move towards rebalancing risk after strong gains, rather than a bearish outlook on the sector.

Read more at Nasdaq: This Tech ETF Jumped 25% in One Year but One Fund Still Sold It Off