First Trust Nasdaq-100 Select Equal Weight ETF (QQEW)
First Trust Nasdaq-100 Select Equal Weight ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $163.81, up 0.77% on the session, giving a market capitalisation of $1.91B. Its beta of 1.08 implies it has historically moved more than the broad market.
The First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) aims to replicate the overall financial performance – covering both capital growth and income – of the Nasdaq-100 Select Equal Weight Index, prior to accounting for its own operational costs and charges. To achieve this, the Fund consistently allocates at least 80% of its net investments, which includes any borrowed funds, directly into the specific stocks that constitute this benchmark index.
First Trust Nasdaq-100 Select Equal Weight ETF is most often compared with the following Financial Services names: