From NASDAQ.: 2024-05-30 06:20:06

The First Trust NASDAQ-100-Technology Sector ETF (QTEC), a smart beta exchange traded fund, debuted in 2006, offering exposure to the Technology ETFs category. Smart beta ETFs aim to beat market returns by tracking non-cap weighted indexes based on fundamental characteristics. QTEC tracks the NASDAQ-100 Technology Sector Index and has $3.98 billion in assets with an expense ratio of 0.57%.

The NASDAQ-100 Technology Sector Index is equal-weighted and includes tech securities. QTEC has a 0.07% dividend yield and focuses on Information Technology, with top holdings like Texas Instruments and Apple. It has returned 8.60% year-to-date, with a high risk profile due to a beta of 1.18 and a standard deviation of 29.82% over three years.

Investors seeking exposure to the Technology ETFs segment may consider QTEC, XLK, or VGT. XLK tracks the Technology Select Sector Index with $66.64 billion in assets, while VGT tracks the MSCI US Investable Market Information Technology 25/50 Index with $69.22 billion. Alternatively, investors can opt for traditional market cap weighted ETFs for lower risk and cost-effective options.



Read more at NASDAQ.: Is First Trust NASDAQ-100-Technology Sector ETF (QTEC) a Strong ETF Right Now?