QQEW

QQEW rebalances its portfolio quarterly to maintain the equal weight allocation among the 100 stocks in the NASDAQ-100 Index. This rebalancing process involves adjusting the weight of each stock to ensure that each maintains an equal share of the fund’s assets.

QQEW is managed by Invesco. The fund uses an equal-weight methodology to allocate an equal percentage of its assets to each of the 100 companies in the NASDAQ-100 Index. This equal weighting strategy involves periodic rebalancing to ensure each stock maintains an equal allocation within the fund.

The historical performance of QQEW reflects its objective to track the NASDAQ-100 Equal Weighted Index. The ETF’s performance may differ from the NASDAQ-100 Index due to the equal weighting of all stocks, which can lead to different return characteristics over various time periods.

As of the latest update, QQEW has an expense ratio of approximately 0.35%. This fee is deducted from the fund’s assets and covers the cost of managing the ETF.

Key performance metrics for QQEW include its net asset value (NAV), expense ratio, total return, and tracking error. NAV represents the per-share value of the ETF, the expense ratio indicates the cost of managing the fund, total return measures overall performance including dividends, and tracking error shows how closely QQEW follows the NASDAQ-100 Equal Weighted Index.

QQEW distributes dividends on a quarterly basis. These dividends are paid from the income generated by the underlying securities in the ETF’s portfolio.

Factors that can affect QQEW’s performance include the relative performance of the 100 stocks in the NASDAQ-100 Equal Weighted Index, market conditions, sector performance, and the effectiveness of the equal-weighting methodology in capturing stock performance.

Risks associated with QQEW include market risk, sector risk, and the potential for higher volatility due to its equal-weighted approach. Since QQEW gives equal weight to all stocks, it may be more sensitive to the performance of smaller companies within the index compared to market-cap weighted ETFs.

QQEW aims to track the NASDAQ-100 Equal Weighted Index, which is different from the traditional NASDAQ-100 Index in that it provides equal exposure to all 100 stocks. This can result in different performance characteristics compared to the market-cap weighted NASDAQ-100 Index. QQEW may outperform or underperform the traditional index depending on the relative performance of the larger versus smaller stocks.

Investors can purchase shares of QQEW through a brokerage account, just like other stocks and ETFs. It is traded on the NASDAQ stock exchange under the ticker symbol "QQEW."