First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Up 0% – Should You Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXTGet Free Report)’s stock price was up 0% on Monday . The company traded as high as $100.71 and last traded at $100.63. Approximately 1,624 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 13,183 shares. The stock had previously closed at $100.59.

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

The stock’s 50-day moving average price is $99.82 and its two-hundred day moving average price is $99.54. The stock has a market capitalization of $179.40 million, a PE ratio of 23.20 and a beta of 0.90.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.2015 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 annualized dividend and a yield of 0.8%.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several institutional investors have recently made changes to their positions in QQXT. Providence Capital Advisors LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter worth approximately $27,000. JPMorgan Chase & Co. bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 3rd quarter worth approximately $228,000. Kovack Advisors Inc. raised its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% during the 3rd quarter. Kovack Advisors Inc. now owns 2,976 shares of the company’s stock worth $294,000 after acquiring an additional 295 shares during the period. Finally, Cetera Investment Advisers raised its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% during the 2nd quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock worth $330,000 after acquiring an additional 804 shares during the period.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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