First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading Up 4.2% – Still a Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) shot up 4.2% on Monday . The company traded as high as $327.15 and last traded at $326.11. 207,132 shares changed hands during trading, a decline of 12% from the average daily volume of 236,438 shares. The stock had previously closed at $312.97.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 4.2%

The company has a market capitalization of $4.84 billion, a PE ratio of 35.79 and a beta of 1.43. The firm has a 50-day moving average of $310.21 and a two-hundred day moving average of $287.67.

First Trust NASDAQ-100 Technology Sector Index Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0326 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of QTEC. LPL Financial LLC lifted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 4.4% in the 4th quarter. LPL Financial LLC now owns 632,066 shares of the company’s stock valued at $145,508,000 after buying an additional 26,878 shares in the last quarter. NewEdge Advisors LLC increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 67.7% during the 2nd quarter. NewEdge Advisors LLC now owns 87,942 shares of the company’s stock worth $29,433,000 after buying an additional 35,491 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 3.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 98,395 shares of the company’s stock worth $21,251,000 after buying an additional 3,424 shares in the last quarter. Nilsine Partners LLC raised its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1,845.7% during the second quarter. Nilsine Partners LLC now owns 60,647 shares of the company’s stock valued at $20,298,000 after acquiring an additional 57,530 shares during the last quarter. Finally, Baird Financial Group Inc. raised its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 21.0% during the second quarter. Baird Financial Group Inc. now owns 57,766 shares of the company’s stock valued at $19,334,000 after acquiring an additional 10,037 shares during the last quarter.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

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.