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QTEC - ETF AI Analysis
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First Trust NASDAQ-100 Technology Sector Index Fund (QTEC)
Rating:72Outperform
Price Target:
$249.00
Positive Factors
Strong Top Holdings
Several key holdings, such as AMD, Micron, and Lam Research, have shown strong year-to-date performance, driving the fund's returns.
Technology Focus
The ETF's heavy exposure to the technology sector positions it to benefit from growth in innovative industries.
Healthy Performance
The fund has delivered solid year-to-date and recent performance, indicating strong momentum.
Negative Factors
Sector Concentration
With over 87% of its assets in technology, the ETF is highly exposed to risks specific to this sector.
Limited Geographic Diversification
Nearly all of the fund's holdings are U.S.-based, leaving it vulnerable to domestic market fluctuations.
Moderate Expense Ratio
The ETF's expense ratio is higher than some low-cost alternatives, which could slightly reduce investor returns over time.
QTEC vs. SPDR S&P 500 ETF (SPY)
AUM2.86B
RegionNorth America
Expense Ratio0.55%
Beta1.58
IssuerFirst Trust
Inception DateApr 19, 2006
Dividend Yield0.02%
Asset ClassEquity
Index TrackedNASDAQ-100 Technology Sector Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume134,757
30 Day Avg. Volume101,668
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
274.34Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering46
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
QTEC Summary
The First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) is an ETF that focuses on technology companies within the NASDAQ-100 Index. It includes well-known tech firms like Advanced Micro Devices (AMD) and Intel, along with other innovative companies in software, hardware, and semiconductors. Investors might consider QTEC for its potential to grow alongside the rapidly evolving tech industry and to diversify their portfolios with cutting-edge businesses. However, it’s important to note that QTEC is heavily dependent on the technology sector, meaning its performance can fluctuate significantly with changes in the tech 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 the wave of semiconductor strength, with stocks like Micron and Lam Research leading the charge thanks to robust financial performance and technological advancements. However, Marvell is dragging the fund slightly, as profitability challenges and valuation concerns weigh on its outlook despite its focus on AI and custom silicon. The ETF is heavily concentrated in U.S. technology, with a notable tilt toward semiconductors, which could amplify volatility but also offers exposure to cutting-edge innovation. Overall, QTEC’s performance hinges on the dynamic tech sector’s ups and downs.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Advanced Micro Devices | 3.42% | $94.92M | $391.58B | 65.21% | 80 Outperform | |
| Micron | 3.28% | $91.09M | $271.58B | 133.81% | 74 Outperform | |
| Datadog | 2.97% | $82.46M | $63.21B | 32.27% | 72 Outperform | |
| Applied Materials | 2.77% | $76.82M | $182.20B | 32.96% | 75 Outperform | |
| Intel | 2.71% | $75.29M | $165.57B | 41.86% | 56 Neutral | |
| Lam Research | 2.64% | $73.21M | $185.21B | 104.13% | 77 Outperform | |
| Apple | 2.55% | $70.67M | $3.95T | 17.15% | 80 Outperform | |
| ASML Holding | 2.52% | $69.88M | $387.55B | 51.63% | 81 Outperform | |
| KLA | 2.51% | $69.73M | $148.96B | 82.42% | 79 Outperform | |
| Cognizant | 2.50% | $69.53M | $34.35B | -5.99% | 80 Outperform |
QTEC Technical Analysis
Negative
―
Price Trends
231.52
Negative
222.87
Negative
205.53
Positive
Market Momentum
-1.77
Positive
34.76
Neutral
16.69
Positive
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For QTEC, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 235.41, equal to the 50-day MA of 231.52, and equal to the 200-day MA of 205.53, indicating a neutral trend. The MACD of -1.77 indicates Positive momentum. The RSI at 34.76 is Neutral, neither overbought nor oversold. The STOCH value of 16.69 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for QTEC.
QTEC Peer Comparison
Comparison Results
Performance Comparison
QTEC
First Trust NASDAQ-100 Technology Sector Index Fund
221.22
28.82
14.98%
RSPT
Invesco S&P 500 Equal Weight Technology ETF
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SKYY
First Trust Cloud Computing ETF
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XNTK
Spdr Nyse Technology Etf
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FXL
First Trust Technology AlphaDEX Fund
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IETC
iShares Evolved US Technology ETF
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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.
Disclaimer
This 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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