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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXTGet Free Report) shares shot up 0.4% on Friday . The stock traded as high as $104.37 and last traded at $104.14. 1,022 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 8,683 shares. The stock had previously closed at $103.68.

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

The business has a 50-day simple moving average of $99.90 and a 200-day simple moving average of $99.46. The stock has a market cap of $161.42 million, a P/E ratio of 23.20 and a beta of 0.82.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.187 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of QQXT. Providence Capital Advisors LLC acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at about $27,000. JPMorgan Chase & Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the third quarter valued at about $228,000. Independent Financial Group LLC acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 1st quarter valued at approximately $254,000. Finally, Cetera Investment Advisers boosted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the second quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock valued at $330,000 after acquiring an additional 804 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.

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