First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC – Get Free Report) rose 2.1% during mid-day trading on Tuesday. The company traded as high as $311.59 and last traded at $310.74. 215,632 shares were traded during trading, a decline of 18% from the average daily volume of 263,258 shares. The stock had previously closed at $304.31.
First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 1.6%
The company has a market cap of $4.53 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43. The business’s 50 day moving average price is $316.93 and its 200-day moving average price is $281.95.
Institutional Investors Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund
Several hedge funds have recently bought and sold shares of the stock. Continuum Advisory LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at about $27,000. SBI Securities Co. Ltd. grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 61.5% in the third quarter. SBI Securities Co. Ltd. now owns 105 shares of the company’s stock valued at $35,000 after acquiring an additional 40 shares during the last quarter. Atwood & Palmer Inc. acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the third quarter worth about $38,000. Compass Financial Management LLC acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the second quarter worth about $68,000. Finally, MWA Asset Management acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the first quarter worth about $71,000.
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.
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