The Nasdaq 100 ETF Just Cut Half Its Holdings And The Timing Is Probably Perfect

The Nasdaq-100 is dominated by a handful of massive companies, with the top three accounting for more than 20% of the index.

24/7 Wall Street • Feb 2, 2026

QQEW: The New Index Is Unlikely To Secure Outperformance

First Trust NASDAQ-100 Equal Weighted Index Fund ETF receives a Hold rating due to the limited outperformance potential versus QQQ and QQQM. QQEW has recently changed its underlying index to the Nasdaq-100 Select Equal Weight™ Index, with the number of holdings reduced significantly. I hypothesize that the equal weighting of the index will remain a detractor from QQEW's total returns, though it will more likely contribute to risk-adjusted returns.

Seeking Alpha • Jan 26, 2026

JP Wealth Management Closes the Door on QQEW. Should Retail Investors Follow Suit?

Exited 126,339 shares of QQEW; estimated trade value ~$17.83 million based on quarterly average pricing Quarter-end stake value dropped by $17.83 million, reflecting both trading activity and share price movement Post-trade holding: 0 shares, $0 value The QQEW stake previously accounted for 12.0% of the fund's AUM as of the prior quarter These 10 Stocks Could Mint the Next Wave of Millionaires ›

The Motley Fool • Jan 16, 2026

Is First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) a Strong ETF Right Now?

A smart beta exchange traded fund, the First Trust NASDAQ-100 Select Equal Weight ETF (QQEW) debuted on 04/19/2006, and offers broad exposure to the Style Box - Large Cap Growth category of the market.

Zacks Investment Research • Jan 15, 2026

Should First Trust NASDAQ-100 Equal Weighted ETF (QQEW) Be on Your Investing Radar?

The First Trust NASDAQ-100 Equal Weighted ETF (QQEW) was launched on April 19, 2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.

Zacks Investment Research • Dec 25, 2025

Is First Trust NASDAQ-100 Equal Weighted ETF (QQEW) a Strong ETF Right Now?

The First Trust NASDAQ-100 Equal Weighted ETF (QQEW) was launched on 04/19/2006, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Growth category of the market.

Zacks Investment Research • Nov 10, 2025

First Trust Announces Shareholder Approval of Change to Investment Objective and a New Investment Management Agreement for First Trust NASDAQ-100 Equal Weighted Index Fund

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that shareholders of First Trust NASDAQ-100 Equal Weighted Index Fund (the “Fund”) (Nasdaq: QQEW), a series of First Trust Exchange-Traded Fund (the “Trust”), have voted to approve a change to the Fund's investment objective and a new investment management agreement between the Trust, on behalf of the Fund, and FTA, as investment advisor. The change to the Fund's investment objective is expected to occur on or aro.

Business Wire • Nov 4, 2025

First Trust Announces Adjournment of Special Shareholder Meeting for First Trust NASDAQ-100 Equal Weighted Index Fund

WHEATON, Ill.--(BUSINESS WIRE)--First Trust Advisors L.P. (“FTA”) announced today that the special shareholder meeting for First Trust NASDAQ-100 Equal Weighted Index Fund (the “Fund”), a series of First Trust Exchange-Traded Fund (the “Trust”), has been adjourned in order to permit additional solicitation of shareholders. The special shareholder meeting for the Fund will reconvene on Tuesday, November 4, 2025 at 12:00 p.m. Central time at the offices of FTA at 120 East Liberty Drive, Suite 400.

Business Wire • Oct 14, 2025

QQEW: Equal Weight Isn't Equal Returns

QQEW reduces concentration risk but sacrifices long-term growth by underweighting dominant tech mega caps essential for sustained outperformance. Equal weighting dampens tech exposure, aligning QQEW closer to the S&P 500 than the growth-driven NDX, limiting upside in tech-led rallies. QQEW only outperforms in rare, broad-based market rebounds and offers no meaningful drawdown protection compared to SPY or QQQ.

Seeking Alpha • Aug 28, 2025

Nasdaq ETFs Set for Further Growth in 2024

The expansion of AI applications holds the promise of ushering in fresh growth opportunities.

Zacks Investment Research • Jun 21, 2024