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Asset Summary

Daily Performance Report for QTEC ETF: Nov 6, 2024

Summary: The day started with QTEC ETF opening at $193.5 and closing at $195.89. The ETF showed resilience throughout the day, with the highest price observed at $196.23 and the lowest at $193.25. The underlying asset had a trading range of $2.98 Overall, it was a positive trading day for QTEC ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $2.39 or 1.24% in the closing price from the opening to the closing price over the day.

Volume Analysis: Trading volume for QTEC ETF was 230,478 units during Nov 6, 2024, indicating active market participation and investor interest.

Opening Price: The day started at $193.5.

Highest Price: The highest price observed during the day was $196.23.

Lowest Price: The lowest price observed during the day was $193.25.

Closing Price: The day ended at $195.89.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

QTEC distributes dividends on a quarterly basis. These dividends are derived from the income generated by the underlying technology sector stocks in the ETF’s portfolio.

QTEC focuses exclusively on the technology sector within the NASDAQ-100 Index. Its performance will be influenced by the technology sector’s performance, which may differ significantly from the broader NASDAQ-100 Index that includes all sectors. QTEC may outperform or underperform the broader index depending on technology sector trends.

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

As of the latest update, QTEC has an expense ratio of approximately 0.60%. This fee is deducted from the fund’s assets to cover the costs associated with managing the ETF.

Key performance metrics for QTEC 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 QTEC follows its benchmark index.

Similar ETFs to QTEC include Invesco QQQ Trust (QQQ), which tracks the NASDAQ-100 Index including all sectors, and Technology Select Sector SPDR Fund (XLB), which provides exposure to the broader technology sector within the S&P 500 Index.

Factors affecting QTEC’s performance include the performance of the technology sector, market conditions, technological advancements, and economic factors impacting technology companies. The ETF’s returns will closely follow the NASDAQ-100 Technology Sector Index.

Yes, QTEC can be held in retirement accounts such as IRAs or 401(k)s. It’s important for investors to assess their investment goals and risk tolerance when considering QTEC for a retirement portfolio due to its sector-specific focus.

QTEC rebalances its portfolio quarterly to ensure it aligns with the NASDAQ-100 Technology Sector Index. This involves adjusting the weights of the technology stocks held in the ETF to match the index’s composition.

The historical performance of QTEC reflects its objective to track the NASDAQ-100 Technology Sector Index. The ETF’s performance will be influenced by the performance of technology sector stocks over time.

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