JP Wealth Management Closes the Door on QQEW. Should Retail Investors Follow Suit?

On January 15, 2026, JP Wealth Management, Inc. disclosed successful a Securities and Exchange Commission (SEC) filing that it sold retired its full presumption successful First Trust Exchange-Traded Fund -First Trust Nasdaq-100 Select Equal Weight ETF (NASDAQ:QQEW), an estimated $17.83 cardinal transaction based connected quarterly mean pricing.

According to a filing with the Securities and Exchange Commission dated January 15, 2026, JP Wealth Management, Inc. afloat liquidated its holding of 126,339 shares successful First Trust Exchange-Traded Fund -First Trust Nasdaq-100 Select Equal Weight ETF. The estimated worth of the commercialized was astir $17.83 million, calculated utilizing the mean stock terms implicit the quarter. The fund’s quarter-end presumption successful QQEW is present zero, with a full nett presumption alteration of $17.83 million.

JP Wealth Management, Inc. sold retired its QQEW stake, which present represents nary of 13F AUM.

Top holdings aft filing:

• NYSEMKT:DFAC: $32.04 cardinal (22.6% of AUM)

• NASDAQ:QQQM: $29.10 cardinal (20.6% of AUM)

• NYSE:STEW: $27.36 cardinal (19.3% of AUM)

• NYSE:TSI: $15.99 cardinal (11.3% of AUM)

• NYSEMKT:PHYS: $14.19 cardinal (10.0% of AUM)

As of January 14, 2026, shares of QQEW were priced astatine $141.00, up 12.94% implicit the past year; shares person underperformed the S&P 500 by 5.61 percent points.

QQEW is 3.11% beneath its 52-week high; trailing dividend output is 0.41%.

• Investment strategy centers connected tracking the Nasdaq-100 Equal Weighted Index, allocating assets arsenic crossed 100 of the largest non-financial companies listed connected Nasdaq.

• The portfolio is broadly diversified, with holdings spanning large U.S. and planetary technology, healthcare, consumer, and concern sectors, ensuring nary azygous constituent dominates wide exposure.

• The money is structured arsenic an exchange-traded money (ETF), offering regular liquidity and transparency.

The First Trust Nasdaq-100 Equal Weighted Index Fund (QQEW) provides investors with diversified vulnerability to the Nasdaq-100 by arsenic weighting each constituent, mitigating attraction hazard inherent successful accepted market-cap weighted indexes. The fund's disciplined attack appeals to investors seeking balanced entree to large-cap maturation equities without overexposure to the largest names. Its transparent structure, regular liquidity, and absorption connected adjacent allocation presumption it arsenic a strategical instrumentality for portfolio diversification wrong the U.S. equity market.