First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Down 0.2% – Should You Sell?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT – Get Free Report) shares traded down 0.2% during mid-day trading on Monday . The company traded as low as $96.38 and last traded at $96.6510. 7,875 shares traded hands during trading, a decline of 18% from the average daily volume of 9,587 shares. The stock had previously closed at $96.82.

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

The stock has a market cap of $173.97 million, a P/E ratio of 23.20 and a beta of 0.83. The company’s 50 day moving average price is $98.29 and its 200-day moving average price is $99.43.

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

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

Institutional Investors Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in QQXT. Raymond James Financial Inc. lifted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the 2nd quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock worth $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 first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock valued at $17,776,000 after acquiring an additional 2,345 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 153,263 shares of the company’s stock valued at $15,230,000 after acquiring an additional 124,561 shares during the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at approximately $9,713,000. Finally, Truist Financial Corp lifted its holdings in 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 acquiring 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.

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