First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Down 0.4% – Should You Sell?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) traded down 0.4% on Monday . The stock traded as low as $97.99 and last traded at $98.13. 15,213 shares traded hands during trading, a decline of 76% from the average session volume of 63,512 shares. The stock had previously closed at $98.53.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 0.4%

The firm has a market cap of $1.06 billion, a P/E ratio of 25.77 and a beta of 0.98. The business has a fifty day simple moving average of $93.94 and a 200-day simple moving average of $95.30.

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

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1955 per share. This is a boost from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a yield of 0.80%.

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

A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.2% in the first quarter. Royal Bank of Canada now owns 31,286 shares of the company’s stock worth $2,935,000 after purchasing an additional 3,147 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter worth about $2,722,000. BostonPremier Wealth LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter worth about $2,263,000. Susquehanna International Group LLP raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 270.2% in the 4th quarter. Susquehanna International Group LLP now owns 24,221 shares of the company’s stock worth $2,255,000 after buying an additional 17,678 shares during the last quarter. Finally, Davis Investment Partners LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at about $998,000.

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

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.