First Trust NASDAQ-100-Technology Sector Index Fund
QTEC
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- First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield, before fees and expenses, of the Nasdaq-100 Technology Sector Index. The fund tracks an equal-weighted index comprising technology-related companies selected from the Nasdaq-100 Index, including semiconductors, software, internet services, and technology hardware; it rebalances quarterly to maintain equal weighting among its approximately 40 holdings. QTEC offers investors targeted exposure to the technology sector through a passive management strategy, with shares trading on the Nasdaq exchange under the ticker QTEC. Operated by First Trust Advisors LP, headquartered in Wheaton, Illinois, and founded in 1991, the fund serves institutional and retail investors seeking sector-specific growth in U.S. technology equities, with primary operations in the United States. Its portfolio emphasizes large-cap technology leaders such as semiconductor manufacturers, cloud computing providers, and cybersecurity firms, providing diversification within the high-growth tech segment. The fund employs a representative sampling strategy to replicate index performance while minimizing tracking error. In recent developments, QTEC benefited from strong sector inflows amid artificial intelligence and semiconductor booms in 2024-2025, with assets under management surpassing $3 billion as of late 2025 following market rallies driven by tech advancements. First Trust announced enhancements to its ETF suite in 2025, including expanded options trading availability for QTEC and integration with new brokerage platforms for improved liquidity. No major acquisitions or structural changes were reported for the fund itself, though parent First Trust Portfolios LP continued strategic alliances with Nasdaq for index licensing and technology providers for enhanced trading analytics.