Is First Trust NASDAQ-100 Equal Weighted ETF (QQEW) a Strong ETF Right Now?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 29 2024
0mins
Source: NASDAQ.COM
Overview of QQEW: The First Trust NASDAQ-100 Equal Weighted ETF (QQEW), launched in 2006, offers broad exposure to large-cap growth stocks and aims to match the performance of the NASDAQ-100 Equal Weighted Index, with a current asset size of over $1.96 billion and an expense ratio of 0.57%.
Investment Considerations: While QQEW has shown a return of approximately 16.44% over the past year, investors may also explore other ETFs like Vanguard Growth ETF and Invesco QQQ for potentially lower costs and risks, as traditional market cap weighted ETFs might provide better value for those seeking to match market returns.
Analyst Views on QQQ
Wall Street analysts forecast QQQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QQQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 620.760
Low
Averages
High
Current: 620.760
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
