First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 12-Month High – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) reached a new 52-week high during trading on Tuesday . The company traded as high as $297.90 and last traded at $297.80, with a volume of 111836 shares trading hands. The stock had previously closed at $294.91.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Up 1.0%

The stock has a market capitalization of $3.45 billion, a PE ratio of 35.79 and a beta of 1.39. The firm has a 50-day moving average price of $236.84 and a 200-day moving average price of $234.36.

Institutional Investors Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund

Several large investors have recently added to or reduced their stakes in the company. Blackston Financial Advisory Group LLC increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% in the 4th quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company’s stock worth $432,000 after acquiring an additional 46 shares during the last quarter. Aptus Capital Advisors LLC boosted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,418 shares of the company’s stock valued at $326,000 after acquiring an additional 47 shares during the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 0.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,404 shares of the company’s stock valued at $1,290,000 after acquiring an additional 48 shares during the last quarter. Total Clarity Wealth Management Inc. boosted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.3% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 3,762 shares of the company’s stock valued at $864,000 after acquiring an additional 50 shares during the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% during the 3rd quarter. GSA Capital Partners LLP now owns 1,122 shares of the company’s stock valued at $258,000 after buying an additional 54 shares in 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.