First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 1.7% Higher – What’s Next?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) rose 1.7% on Thursday . The stock traded as high as $100.33 and last traded at $100.3110. Approximately 2,605 shares traded hands during trading, a decline of 73% from the average daily volume of 9,760 shares. The stock had previously closed at $98.61.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance

The company has a market cap of $155.48 million, a P/E ratio of 23.20 and a beta of 0.83. The firm has a 50 day moving average price of $98.08 and a 200-day moving average price of $99.29.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.187 dividend. This represents a $0.75 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Providence Capital Advisors LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at approximately $27,000. JPMorgan Chase & Co. bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 3rd quarter valued at approximately $228,000. Independent Financial Group LLC bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 1st quarter valued at approximately $254,000. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the 2nd quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock worth $330,000 after buying an additional 804 shares in the last quarter.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.