Should First Trust NASDAQ-100 Equal Weighted ETF (QQEW) Be on Your Investing Radar?
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
Overview of QQEW: The First Trust NASDAQ-100 Equal Weighted ETF (QQEW) is a passively managed fund launched in 2006, focusing on large-cap growth stocks with a current asset value of over $1.92 billion and an annual operating expense ratio of 0.57%.
Performance and Comparison: QQEW has shown a year-to-date increase of 6.44% and a 20.31% rise over the past year, while also being compared to other ETFs like Vanguard Growth ETF and Invesco QQQ, which have lower expense ratios and significantly higher assets under management.
Analyst Views on VUG
Wall Street analysts forecast VUG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for VUG 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.
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Current: 480.990
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Current: 480.990
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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.
