First Trust Nasdaq-100 Select Equal Weight ETF

QQEW

Market cap $1.74B

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.

The First Trust NASDAQ-100 Equal Weighted 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.

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust NASDAQ-100 Equal Weighted Index Fund (the “Fund”) (Nasdaq: QQEW), a series of First Trust Exchange-Traded Fund (the “Trust”), have voted to approve a change to the Fund's investment objective and a new investment management agreement between the Trust, on behalf of the Fund, and FTA, as investment advisor. The change to the Fund's investment objective is expected to occur on or aro.

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

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special shareholder meeting for First Trust NASDAQ-100 Equal Weighted Index Fund (the “Fund”), a series of First Trust Exchange-Traded Fund (the “Trust”), has been adjourned in order to permit additional solicitation of shareholders. The special shareholder meeting for the Fund will reconvene on Tuesday, November 4, 2025 at 12:00 p.m. Central time at the offices of FTA at 120 East Liberty Drive, Suite 400.