Five of QQXT’s top-10 holdings are biotech stocks. That is not a bad thing. Not with biotech ETFs being among the funds that are seemingly hitting all-time highs on a daily basis. Only consumer services has a larger sector weight than health care in QQXT and its underlying index. [This Biotech ETF Reigns Supreme]
Although no stock accounts for more than 2.7% of QQXT’s weight, the ETF offers another advantage: Fair (by comparison) exposure to Tesla (NasdaqGS: TSLA) and Netflix (NasdaqGS: NFLX). Those stocks combine for just 1.4% of the NASDAQ 100, but both are top-10 holdings in QQXT, combining for almost 4.6% of the ETF’s weight. Tesla is QQXT’s largest holding. [Tesla ETF Time Again]
First Trust NASDAQ-100 Ex-Technology Sector Index Fund
Tom Lydon’s clients own shares of QQQ, Apple, Facebook and Google.