First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 1-Year High – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTECGet Free Report)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $315.21 and last traded at $314.09, with a volume of 167078 shares traded. The stock had previously closed at $304.62.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Up 3.1%

The business has a 50 day moving average of $253.01 and a 200-day moving average of $238.79. The stock has a market cap of $3.64 billion, a PE ratio of 35.79 and a beta of 1.39.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Logan Capital Management Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth approximately $27,000. Hilton Head Capital Partners LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $27,000. O Shaughnessy Asset Management LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $34,000. Evelyn Partners Investment Management LLP purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $40,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $46,000.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

(Get Free Report)

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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