Albemarle Corp. vs First Trust NASDAQ 100 Technology Index Fund — how do they compare? Albemarle Corp. trades at $131.2 (market cap $15.27B), while First Trust NASDAQ 100 Technology Index Fund trades at $315.63. The key difference: Albemarle Corp. pays a 1.27% dividend while First Trust NASDAQ 100 Technology Index Fund pays none, and First Trust NASDAQ 100 Technology Index Fund is trading nearer its 52-week high, Albemarle Corp. nearer its low. Which is the better fit depends on your goals.
| ALB | QTEC | |
|---|---|---|
Market Cap | $15.27B | — |
Sector | Basic Materials | Broad Market / Factor |
52-Week High | $215.62 | $335.74 |
52-Week Low | $72.58 | $207.03 |
Enterprise Value | $17.75B | — |
Dividend Yield | 1.27% | — |
Trailing returns across standard periods
Albemarle is the world's largest lithium producer. Our outlook for robust lithium demand is predicated upon increased demand for electric vehicle batteries. Albemarle produces lithium from its salt brine deposits in Chile and the U.S. and its hard rock joint venture mines in Australia. Albemarle is also a global leader in the production of bromine, used in flame retardants. The company is also a major producer of oil refining catalysts.
Read more on ALB →QTEC is an ETF that seeks to track the performance of the NASDAQ-100 Technology Sector Index. The fund provides targeted exposure to companies within the NASDAQ-100 that are classified as technology or telecommunications companies, focusing on firms involved in software, hardware, and related services. QTEC is a tool for investors seeking focused exposure to high-growth, large-cap technology companies listed on the NASDAQ exchange.
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