Shares of First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC – Get Free Report) shot up 2.1% during mid-day trading on Tuesday. The company traded as high as $311.59 and last traded at $310.74. Approximately 215,632 shares traded hands during mid-day trading, a decline of 18% from the average daily volume of 263,258 shares. The stock had previously closed at $304.31.
First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 2.1%
The company’s 50-day moving average is $316.98 and its 200-day moving average is $281.56. The stock has a market capitalization of $4.55 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43.
Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund
A number of hedge funds and other institutional investors have recently modified their holdings of QTEC. Continuum Advisory LLC acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the second quarter valued at about $27,000. SBI Securities Co. Ltd. increased its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 61.5% during the third quarter. SBI Securities Co. Ltd. now owns 105 shares of the company’s stock worth $35,000 after acquiring an additional 40 shares during the period. Atwood & Palmer Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth about $38,000. Compass Financial Management LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at approximately $68,000. Finally, MWA Asset Management acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 1st quarter valued at $71,000.
First Trust NASDAQ-100 Technology Sector Index Fund Company Profile
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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