First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Stock Price Down 0.1% – Should You Sell?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) dropped 0.1% on Monday . The company traded as low as $191.30 and last traded at $192.99. Approximately 55,384 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 112,510 shares. The stock had previously closed at $193.13.

First Trust NASDAQ 100 Technology Index Fund Trading Down 1.5 %

The stock has a market cap of $3.88 billion, a PE ratio of 35.60 and a beta of 1.17. The firm has a fifty day simple moving average of $188.89 and a two-hundred day simple moving average of $189.23.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Pacifica Partners Inc. purchased a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter valued at $25,000. Mather Group LLC. purchased a new stake in First Trust NASDAQ 100 Technology Index Fund during the first quarter valued at about $36,000. IAG Wealth Partners LLC bought a new stake in First Trust NASDAQ 100 Technology Index Fund during the second quarter worth about $36,000. ORG Wealth Partners LLC purchased a new position in shares of First Trust NASDAQ 100 Technology Index Fund in the 3rd quarter worth about $39,000. Finally, Fifth Third Bancorp bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 2nd quarter valued at about $48,000.

About First Trust NASDAQ 100 Technology Index Fund

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.