The Invesco QQQ Trust (NASDAQ: QQQ) is one of the most popular exchange-traded funds (ETFs) on the market with just under $200 billion in assets under management. While the Invesco QQQ is a great ETF that could play an important role in any portfolio, there is a similar ETF that I would consider first -- the Fidelity MSCI Information Technology ETF (NYSEMKT: FTEC). There are a few things about this Fidelity fund that make it stand out above the rest.
Stocks ended the week lower after selling off amid the prospect of prolonged high interest rates.
This tech-focused ETF is highly concentrated and trades at a very rich valuation.