Gratus Wealth Sells $22 Million Worth of QQEW Shares, Reducing Stake in Nasdaq Equal-Weight ETF
Gratus Wealth Advisors sold 164,630 shares of the First Trust Nasdaq-100 Select Equal Weight ETF (QQEW) for an estimated $22.3 million, reducing its stake by over 60%. The move comes as QQEW has underperformed the S&P 500 and its benchmark category over the past year. Gratus now holds 1.9% of its AUM in QQEW, outside its top five holdings.
Tickers: $QQEW
Topics: ETF Fund Management Gratus Wealth Advisors QQEW Stock Transactions