QTEC - ETF AI Analysis
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First Trust NASDAQ-100 Technology Sector Index Fund (QTEC)
QTEC, the First Trust NASDAQ-100 Technology Sector Index Fund, has a solid overall rating driven mainly by strong, well-established tech leaders like Apple, Texas Instruments, Analog Devices, Meta, AMD, and Shopify, all showing robust financial performance, growth initiatives, and generally positive technical trends. However, several holdings, including NXP Semiconductors, Thomson Reuters, Roper Technologies, and CrowdStrike, face issues such as high valuations, bearish or mixed momentum, and specific profitability or market challenges that slightly weigh on the fund’s quality. The main risk factor is QTEC’s heavy concentration in the technology sector, where high valuations and occasional overbought or bearish signals can increase volatility and sensitivity to market downturns.
QTEC vs. SPDR S&P 500 ETF (SPY)
- AUM
- 4.26B
- Region
- North America
- Expense Ratio
- 0.55%
- Beta
- 1.59
- Issuer
- First Trust
- Inception Date
- Apr 19, 2006
- Dividend Yield
- 0.01%
- Asset Class
- Equity
- Index Tracked
- NASDAQ-100 Technology Sector Index
QTEC Summary
QTEC is an exchange-traded fund that follows the NASDAQ-100 Technology Sector Index, focusing mainly on U.S. tech companies. It owns a mix of software, hardware, and semiconductor firms, including well-known names like Apple and Meta Platforms, along with other innovative tech businesses. Someone might invest in QTEC to tap into the long-term growth potential of the technology sector and to get instant diversification across many leading tech companies in a single investment. However, because it is heavily focused on technology stocks, its price can rise and fall sharply with changes in the tech sector and overall market.
How much will it cost me?
QTEC has an expense ratio of 0.55%, which means you’ll pay about $5.50 per year for every $1,000 invested. This cost is higher than the average ETF because it’s a more specialized, sector-focused fund rather than a broad, ultra-low-cost index tracker.
What would affect this ETF?
QTEC is heavily focused on U.S. technology companies like Apple, Meta, and semiconductor firms, so it could benefit from ongoing digital transformation, strong demand for chips and software, and a stable or falling interest-rate environment that often supports growth stocks. On the downside, it is vulnerable to tech-sector downturns, higher interest rates that can pressure high-growth valuations, tighter regulations on big tech and data privacy, and any slowdown in the U.S. economy that reduces business and consumer spending on technology.
QTEC Top 10 Holdings
QTEC is leaning heavily into U.S. tech, with a clear tilt toward semiconductors and high-growth software. Chip names like AMD and Marvell have been a bit choppy lately, with recent weakness taking some shine off their strong year-to-date runs. In contrast, steadier performers such as Texas Instruments, Analog Devices, and NXP are acting like the fund’s ballast, keeping things on track. On the software side, rising stars like CrowdStrike, Datadog, Shopify, and Synopsys are powering the growth story, though rich valuations mean the ride can be bumpy.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 TXN | Texas Instruments | 2.83% | $121.72M | $275.98B | 95.46% | 78Outperform |
 NXPI | NXP Semiconductors | 2.77% | $118.89M | $64.84B | 29.64% | 70Neutral |
 ADI | Analog Devices | 2.74% | $117.81M | $200.05B | 77.10% | 78Outperform |
 TRI | Thomson Reuters | ― | ― | ― | ― | 69Neutral |
 ROP | Roper Technologies | 2.64% | $113.34M | $47.43B | 9.55% | 71Outperform |
 AAPL | Apple | 2.48% | $106.45M | $4.94T | 29.43% | 79Outperform |
 SNPS | Synopsys | 2.49% | $107.01M | $89.32B | 11.19% | 73Outperform |
 SHOP | Shopify | ― | ― | ― | ― | 77Outperform |
 META | Meta Platforms | 2.57% | $110.27M | $1.55T | 0.43% | 76Outperform |
 CRWD | CrowdStrike Holdings | 2.51% | $107.65M | $247.60B | 80.55% | 67Neutral |
QTEC Technical Analysis
Price Trends
Market Momentum
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 286.58 is below the 20-day moving average (MA) of 310.07, below the 50-day MA of 315.42, and above the 200-day MA of 283.41, indicating a neutral trend. The MACD of -7.32 indicates Positive momentum. The RSI at 34.53 is Neutral, neither overbought nor oversold. The STOCH value of 9.58 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
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| QTEC | $286.58 | $325.00(13.41% Upside) | $4.26B | 0.55% | 72Outperform |
 RSPT | $61.30 | $81.16(32.40% Upside) | $5.79B | 0.40% | 71Outperform |
 SKYY | $156.69 | $201.20(28.41% Upside) | $3.18B | 0.60% | 66Neutral |
 SOXQ | $80.85 | $131.63(62.81% Upside) | $2.72B | 0.19% | 74Outperform |
 FXL | $208.39 | $272.58(30.80% Upside) | $2.63B | 0.60% | 69Neutral |
 XNTK | $326.60 | $476.57(45.92% Upside) | $1.73B | 0.35% | 74Outperform |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| QTEC | First Trust NASDAQ-100 Technology Sector Index Fund | 286.58 | 53.38 | 22.89% | |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 61.30 | 16.11 | 35.65% | |
| SKYY | First Trust Cloud Computing ETF | 156.69 | 19.77 | 14.44% | |
| SOXQ | Invesco PHLX Semiconductor ETF | 80.85 | 25.81 | 46.90% | |
| FXL | First Trust Technology AlphaDEX Fund | 208.39 | 39.64 | 23.49% | |
| XNTK | Spdr Nyse Technology Etf | 326.60 | 46.50 | 16.60% |
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.