Should You Invest in the First Trust NASDAQ-100-Technology Sector ETF (QTEC)?
Overview of QTEC ETF: The First Trust NASDAQ-100-Technology Sector ETF (QTEC) is a passively managed fund that provides broad exposure to the technology sector, with over $3.90 billion in assets and an expense ratio of 0.57%. It has shown strong performance, gaining approximately 31.06% over the past year.
Investment Considerations: QTEC holds a concentrated portfolio with 89.60% in Information Technology and has a Zacks ETF Rank of 1 (Strong Buy), making it a favorable option for investors seeking technology sector exposure, alongside other ETFs like XLK and VGT.
Trade with 70% Backtested Accuracy
Analyst Views on QTEC
About the author
Concerned About Oracle's Decline? Consider These 5 Highly Rated Tech ETFs as a Hedge
Oracle's Stock Decline: Oracle's shares have been declining due to concerns over heavy investments in AI data centers and increasing debt, exacerbated by Blue Owl Capital's refusal to fund a $10 billion project, leading to a 5.4% drop in stock price.
Tech Sector Resilience: Despite Oracle's volatility, the broader technology sector remains strong, with the Nasdaq 100 Index outperforming the S&P 500, driven by innovation and corporate investment in AI.
Benefits of Tech ETFs: Investing in tech ETFs can mitigate risks associated with individual stocks like Oracle, allowing investors to benefit from the overall growth of the tech sector, which is expected to see significant contributions from AI.
AI's Economic Impact: AI is projected to contribute $19.9 trillion to the global economy by 2030, indicating a structural shift across industries, and highlighting the importance of diversified investments in tech ETFs to capture this growth.
What’s Happening with GlobalFoundries Stock Today?
Expansion Announcement: GlobalFoundries plans a €1.1 billion expansion in Dresden, aiming to produce over one million wafers annually by late 2028, supported by the German government under the European Chips Act.
CFO Departure: The company announced the immediate resignation of CFO John Hollister for personal reasons, with Senior VP Sam Franklin stepping in as interim CFO during the search for a permanent replacement.
Market Focus: The new production lines will prioritize power-efficient chips and embedded security features for automotive technology, IoT devices, and critical infrastructure, addressing the growing demand driven by advancements in AI.
Investment Commitment: GlobalFoundries has invested over €10 billion in the Dresden facility since 2009 and has joined Germany's "Made for Germany" initiative, reinforcing its commitment to the region's industrial future.
Hedge Funds Are Building A Towering Wall Of Bets Against Stocks
Hedge Funds Increasing Bearish Bets: Following a significant 23% rebound in the S&P 500, hedge funds have ramped up their short positions, adding $25 billion in short equity futures over three weeks, indicating skepticism about the market's sustainability post-tariff relief.
Targeted Stocks and Sectors: Short interest has surged particularly in defensive sectors like consumer staples and healthcare, with notable increases in large-cap stocks such as Lucid Group and Moderna, reflecting heightened bearish sentiment among investors.
Noteworthy ETF Outflows: QTEC, MSTR, CDW, SNPS
QTEC Share Price Analysis: QTEC's share price is currently at $198.24, with a 52-week low of $143.80 and a high of $211.25, indicating its performance within the trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks, allowing for the buying and selling of units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly.
Notable ETF Outflow Detected - QTEC, ROP, ADSK, ZS
QTEC Share Price Analysis: QTEC's share price is currently at $169.67, with a 52-week low of $143.80 and a high of $211.25, indicating potential volatility in its trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading "units" that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
First Trust NASDAQ-100-Technology Sector Index Fund Experiences Big Outflow
QTEC Share Price Analysis: QTEC's share price has a 52-week low of $143.80 and a high of $211.25, with the last trade recorded at $165.58, indicating its current position relative to historical performance.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks, allowing for the buying and selling of units that can be created or destroyed based on investor demand, which affects the underlying holdings significantly during notable inflows or outflows.
Concerned About Oracle's Decline? Consider These 5 Highly Rated Tech ETFs as a Hedge
Oracle's Stock Decline: Oracle's shares have been declining due to concerns over heavy investments in AI data centers and increasing debt, exacerbated by Blue Owl Capital's refusal to fund a $10 billion project, leading to a 5.4% drop in stock price.
Tech Sector Resilience: Despite Oracle's volatility, the broader technology sector remains strong, with the Nasdaq 100 Index outperforming the S&P 500, driven by innovation and corporate investment in AI.
Benefits of Tech ETFs: Investing in tech ETFs can mitigate risks associated with individual stocks like Oracle, allowing investors to benefit from the overall growth of the tech sector, which is expected to see significant contributions from AI.
AI's Economic Impact: AI is projected to contribute $19.9 trillion to the global economy by 2030, indicating a structural shift across industries, and highlighting the importance of diversified investments in tech ETFs to capture this growth.
What’s Happening with GlobalFoundries Stock Today?
Expansion Announcement: GlobalFoundries plans a €1.1 billion expansion in Dresden, aiming to produce over one million wafers annually by late 2028, supported by the German government under the European Chips Act.
CFO Departure: The company announced the immediate resignation of CFO John Hollister for personal reasons, with Senior VP Sam Franklin stepping in as interim CFO during the search for a permanent replacement.
Market Focus: The new production lines will prioritize power-efficient chips and embedded security features for automotive technology, IoT devices, and critical infrastructure, addressing the growing demand driven by advancements in AI.
Investment Commitment: GlobalFoundries has invested over €10 billion in the Dresden facility since 2009 and has joined Germany's "Made for Germany" initiative, reinforcing its commitment to the region's industrial future.
Hedge Funds Are Building A Towering Wall Of Bets Against Stocks
Hedge Funds Increasing Bearish Bets: Following a significant 23% rebound in the S&P 500, hedge funds have ramped up their short positions, adding $25 billion in short equity futures over three weeks, indicating skepticism about the market's sustainability post-tariff relief.
Targeted Stocks and Sectors: Short interest has surged particularly in defensive sectors like consumer staples and healthcare, with notable increases in large-cap stocks such as Lucid Group and Moderna, reflecting heightened bearish sentiment among investors.
Noteworthy ETF Outflows: QTEC, MSTR, CDW, SNPS
QTEC Share Price Analysis: QTEC's share price is currently at $198.24, with a 52-week low of $143.80 and a high of $211.25, indicating its performance within the trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) operate like stocks, allowing for the buying and selling of units that can be created or destroyed based on investor demand, impacting the underlying holdings significantly.
Notable ETF Outflow Detected - QTEC, ROP, ADSK, ZS
QTEC Share Price Analysis: QTEC's share price is currently at $169.67, with a 52-week low of $143.80 and a high of $211.25, indicating potential volatility in its trading range.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks but involve trading "units" that can be created or destroyed based on investor demand, impacting the underlying holdings significantly during notable inflows or outflows.
First Trust NASDAQ-100-Technology Sector Index Fund Experiences Big Outflow
QTEC Share Price Analysis: QTEC's share price has a 52-week low of $143.80 and a high of $211.25, with the last trade recorded at $165.58, indicating its current position relative to historical performance.
ETFs Trading Dynamics: Exchange traded funds (ETFs) function like stocks, allowing for the buying and selling of units that can be created or destroyed based on investor demand, which affects the underlying holdings significantly during notable inflows or outflows.
