Gratus Wealth Advisors Trims QQEW Holdings

Gratus Wealth Advisors significantly reduced their holdings in the First Trust Nasdaq-one hundred Select Equal Weight ETF (QQEW), selling off $22.3 million worth of shares in Q1 2026. This move decreased their position value by $25 million, making QQEW now just 1.9% of their assets under management. Despite this, Gratus maintains exposure to the Nasdaq-one hundred through their $37 million stake in the cap-weighted QQQ. The reasons behind the sale remain unclear, but could be rebalancing, shifting cash, or the fund underperforming due to big tech dominance. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a4e585f0f01f685e