First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 1.7% – Still a Buy?

Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXTGet Free Report) rose 1.7% on Thursday . The stock traded as high as $100.33 and last traded at $100.3110. 2,605 shares traded hands during trading, a decline of 73% from the average daily volume of 9,760 shares. The stock had previously closed at $98.61.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 1.3%

The firm’s 50-day simple moving average is $98.11 and its 200 day simple moving average is $99.28. The stock has a market capitalization of $153.41 million, a P/E ratio of 23.20 and a beta of 0.83.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.187 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. increased its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% in the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock valued at $24,979,000 after buying an additional 224,618 shares in the last quarter. Earned Wealth Advisors LLC grew its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% in the 1st quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock worth $17,776,000 after acquiring an additional 2,345 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 153,263 shares of the company’s stock worth $15,230,000 after acquiring an additional 124,561 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter worth $9,713,000. Finally, Truist Financial Corp raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 2.5% during the fourth quarter. Truist Financial Corp now owns 93,256 shares of the company’s stock worth $9,267,000 after purchasing an additional 2,299 shares during the period.

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

(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.

Further Reading

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