First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Down 0.8% – What’s Next?

Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXTGet Free Report) traded down 0.8% during mid-day trading on Monday . The company traded as low as $96.62 and last traded at $96.67. 1,672 shares traded hands during trading, a decline of 85% from the average session volume of 11,272 shares. The stock had previously closed at $97.49.

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

The stock’s 50-day moving average price is $98.88 and its 200-day moving average price is $99.50. The company has a market capitalization of $173.86 million, a price-to-earnings ratio of 23.20 and a beta of 0.85.

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

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Providence Capital Advisors LLC purchased a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter worth approximately $25,000. Cetera Investment Advisers grew its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock worth $354,000 after acquiring an additional 254 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter worth approximately $27,000. Kovack Advisors Inc. grew its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% in 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, Regal Investment Advisors LLC grew its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% in the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock worth $815,000 after acquiring an additional 530 shares during the period.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

(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.

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