Direxion NASDAQ-100 Equal Weighted Index Shares (NYSEArca: QQQE) follows a similar strategy.
QQQE holds $7.4 million of assets while QQEW holds $196.7 million. [Equal-Weight Nasdaq ETF to Get Around the Apple Factor]
Apple shares recovered somewhat on Thursday after a steep two-day slide. Wall Street analysts downgraded the stock after the tech giant unveiled the latest versions of the iPhone. [Apple Sells Off]
First Trust NASDAQ-100 Equal Weighted Index Fund
Full disclosure: Tom Lydon’s clients own AAPL and QQQ.