First Trust Nasdaq-100 Select Equal Weight ETF

QQEW

Market cap $1.84B

Making its debut on 04/19/2006, smart beta exchange traded fund First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) provides investors broad exposure to the Style Box - Large Cap Growth category of the market.

Looking for broad exposure to the Large Cap Growth segment of the US equity market? You should consider the First Trust NASDAQ-100 Select Equal Weight ETF (QQEW), a passively managed exchange traded fund launched on April 19, 2006.

The First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) was launched on 04/19/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.

A small number of AI-focused tech stocks dominated in 2025, helping to send the S&P 500 up more than 16% for the year but leaving investors potentially exposed to undue risk in the process. Concerns about an AI bubble—and the potentially devastating impact of a continued war in Iran and oil market disturbances on the data center space—may make investors worry about possible overweighting of this industry in their broader market investments.

Launched on April 19, 2006, the First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.

The Nasdaq-100 is dominated by a handful of massive companies, with the top three accounting for more than 20% of the index.

First Trust NASDAQ-100 Equal Weighted Index Fund ETF receives a Hold rating due to the limited outperformance potential versus QQQ and QQQM. QQEW has recently changed its underlying index to the Nasdaq-100 Select Equal Weight™ Index, with the number of holdings reduced significantly. I hypothesize that the equal weighting of the index will remain a detractor from QQEW's total returns, though it will more likely contribute to risk-adjusted returns.

Exited 126,339 shares of QQEW; estimated trade value ~$17.83 million based on quarterly average pricing Quarter-end stake value dropped by $17.83 million, reflecting both trading activity and share price movement Post-trade holding: 0 shares, $0 value The QQEW stake previously accounted for 12.0% of the fund's AUM as of the prior quarter These 10 Stocks Could Mint the Next Wave of Millionaires ›

A smart beta exchange traded fund, the First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) debuted on 04/19/2006, and offers broad exposure to the Style Box - Large Cap Growth category of the market.

The First Trust NASDAQ-100 Equal Weighted ETF (QQEW) was launched on April 19, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.