First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading Down 0.1% – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price fell 0.1% during mid-day trading on Tuesday . The stock traded as low as $229.71 and last traded at $231.62. 212,138 shares were traded during mid-day trading, an increase of 9% from the average session volume of 193,901 shares. The stock had previously closed at $231.81.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The business has a 50-day moving average of $233.01 and a 200 day moving average of $221.21. The stock has a market cap of $2.88 billion, a PE ratio of 35.79 and a beta of 1.27.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QTEC. Total Clarity Wealth Management Inc. lifted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 1.3% during the third quarter. Total Clarity Wealth Management Inc. now owns 3,762 shares of the company’s stock worth $864,000 after buying an additional 50 shares during the period. Hughes Financial Services LLC grew its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% in the second quarter. Hughes Financial Services LLC now owns 116 shares of the company’s stock valued at $25,000 after purchasing an additional 51 shares during the period. GSA Capital Partners LLP increased its position in First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% during the third quarter. GSA Capital Partners LLP now owns 1,122 shares of the company’s stock worth $258,000 after purchasing an additional 54 shares during the last quarter. Darwin Wealth Management LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 9.0% during the third quarter. Darwin Wealth Management LLC now owns 700 shares of the company’s stock worth $161,000 after purchasing an additional 58 shares during the period. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 5.8% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 1,117 shares of the company’s stock valued at $256,000 after buying an additional 61 shares during the period.

About First Trust NASDAQ-100 Technology Sector Index Fund

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that is based on the NASDAQ-100 Technology Sector index. The fund tracks an equal-weighted index of the largest Nasdaq-listed US technology stocks. QTEC was launched on Apr 19, 2006 and is managed by First Trust.