QTEC - ETF AI Analysis
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First Trust NASDAQ-100 Technology Sector Index Fund (QTEC)
Rating:73Outperform
Price Target:―
Positive Factors
Strong Recent Performance
The ETF has delivered strong gains so far this year and over the past month, showing solid momentum in its strategy.
Top Holdings with Strong Gains
Several of the largest positions, including major chip and hardware makers, have posted strong year-to-date gains that support the fund’s overall returns.
Focused but Still Sector-Diverse Tech Exposure
While centered on technology, the fund also holds communication services, consumer cyclical, and industrial names, adding some variety within its tech-heavy approach.
Negative Factors
High Technology Concentration
With the vast majority of assets in the technology sector, the fund is highly sensitive to downturns in tech stocks.
Limited Geographic Diversification
Almost all holdings are in U.S. companies, so the ETF offers little protection if the U.S. market weakens compared with other regions.
Above-Average Expense Ratio
The fund’s expense ratio is relatively high for an ETF, which means more of the returns are used to cover fees instead of going to investors.
QTEC vs. SPDR S&P 500 ETF (SPY)
AUM3.07B
RegionNorth America
Expense Ratio0.55%
Beta1.52
IssuerFirst Trust
Inception DateApr 19, 2006
Dividend YieldN/A
Asset ClassEquity
Index TrackedNASDAQ-100 Technology Sector Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume214,270
30 Day Avg. Volume242,909
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
310.98Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering45
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QTEC Summary
QTEC is an exchange-traded fund (ETF) that follows the NASDAQ-100 Technology Sector Index, focusing mainly on U.S. technology companies. It holds well-known chip and hardware makers like Intel and Advanced Micro Devices (AMD), along with other firms involved in software, semiconductors, and digital equipment. Investors might consider QTEC if they want growth potential from a diversified basket of leading tech names instead of picking individual stocks. However, because it is heavily concentrated in technology, its price can rise and fall sharply with changes in the tech sector and overall stock market.
How much will it cost me?The expense ratio for QTEC is 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is slightly higher than average for ETFs because it is passively managed but focuses on a specific sector, which often involves more specialized research and management.
What would affect this ETF?QTEC’s focus on U.S. technology companies positions it to benefit from ongoing innovation in semiconductors, software, and hardware, as well as increased demand for digital solutions. However, it could face challenges from rising interest rates, which often impact growth-focused sectors like technology, and potential regulatory scrutiny on large tech firms. Global economic conditions and shifts in consumer spending could also influence the ETF’s performance.
QTEC Top 10 Holdings
QTEC is riding a powerful semiconductor wave, with names like Marvell, AMD, and Monolithic Power doing much of the heavy lifting as AI and data-center demand keep them rising. Storage players Western Digital and Seagate are also surging, adding extra fuel to returns. On the flip side, Microchip looks more mixed, with profitability issues keeping it from fully joining the rally, while Broadcom’s premium price tag makes it a steadier, less explosive contributor. Overall, this is a U.S.-heavy, chip-centric tech fund, not a broadly diversified market basket.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Intel | 3.70% | $112.44M | $414.43B | 314.38% | 64 Neutral | |
| Marvell | 3.44% | $104.45M | $143.68B | 169.52% | 76 Outperform | |
| Advanced Micro Devices | 3.17% | $96.46M | $567.05B | 247.16% | 73 Outperform | |
| ARM Holdings PLC ADR | 3.11% | $94.67M | $249.37B | 92.61% | 69 Neutral | |
| Monolithic Power | 2.83% | $86.05M | $80.16B | 171.28% | 75 Outperform | |
| Seagate Tech | 2.77% | $84.10M | $127.85B | 625.24% | 68 Neutral | |
| Texas Instruments | 2.75% | $83.55M | $252.33B | 65.91% | 78 Outperform | |
| Microchip | 2.63% | $79.89M | $48.40B | 84.73% | 54 Neutral | |
| Western Digital | 2.61% | $79.35M | $136.97B | 879.54% | 77 Outperform | |
| Broadcom | 2.57% | $78.16M | $2.00T | 117.28% | 76 Outperform |
QTEC Technical Analysis
Positive
―
Price Trends
231.62
Positive
232.99
Positive
228.70
Positive
Market Momentum
11.04
Negative
76.49
Negative
96.82
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QTEC, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 246.35, equal to the 50-day MA of 231.62, and equal to the 200-day MA of 228.70, indicating a bullish trend. The MACD of 11.04 indicates Negative momentum. The RSI at 76.49 is Negative, neither overbought nor oversold. The STOCH value of 96.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for QTEC.
QTEC Peer Comparison
Comparison Results
Performance Comparison
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
271.52
88.80
48.60%
RSPT
Invesco S&P 500 Equal Weight Technology ETF
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―
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SKYY
First Trust Cloud Computing ETF
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XSD
SPDR S&P Semiconductor ETF
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XNTK
Spdr Nyse Technology Etf
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FXL
First Trust Technology AlphaDEX Fund
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
DisclaimerThis AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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