QQEW

QQEW differs from market-cap weighted ETFs like QQQ in that it provides equal weight to each stock in the NASDAQ-100 Index, rather than weighting by market capitalization. This approach means that smaller companies have the same influence on the ETF’s performance as larger companies, which can lead to different performance outcomes compared to market-cap weighted funds.

Yes, QQEW can be held in retirement accounts such as IRAs or 401(k)s. It is important for investors to consider their investment goals and risk tolerance when including QQEW in a retirement portfolio.

Similar ETFs to QQEW include Invesco QQQ Trust (QQQ), which tracks the NASDAQ-100 Index using a market-cap weighted approach, and Invesco NASDAQ-100 ETF (QQQ), which is also market-cap weighted. While these ETFs track the same index, they do not use the equal-weighted methodology of QQEW.

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

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.

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.

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."

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.

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.

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.