First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Trading Up 0.9% – Time to Buy?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC)’s share price traded up 0.9% during trading on Wednesday . The company traded as high as $195.75 and last traded at $195.43. 75,462 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 114,096 shares. The stock had previously closed at $193.70.

First Trust NASDAQ 100 Technology Index Fund Price Performance

The stock has a market cap of $3.99 billion, a PE ratio of 35.60 and a beta of 1.17. The business has a 50 day moving average price of $195.26 and a two-hundred day moving average price of $192.27.

Hedge Funds Weigh In On First Trust NASDAQ 100 Technology Index Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. HighTower Advisors LLC raised its holdings in First Trust NASDAQ 100 Technology Index Fund by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 13,996 shares of the company’s stock worth $2,676,000 after purchasing an additional 60 shares in the last quarter. Benjamin Edwards Inc. grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 7.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 978 shares of the company’s stock worth $193,000 after acquiring an additional 72 shares during the period. L & S Advisors Inc raised its position in shares of First Trust NASDAQ 100 Technology Index Fund by 4.7% in the 3rd quarter. L & S Advisors Inc now owns 1,872 shares of the company’s stock worth $358,000 after acquiring an additional 84 shares in the last quarter. Sigma Planning Corp grew its stake in First Trust NASDAQ 100 Technology Index Fund by 2.9% in the third quarter. Sigma Planning Corp now owns 3,097 shares of the company’s stock worth $592,000 after purchasing an additional 87 shares during the period. Finally, TriaGen Wealth Management LLC grew its stake in First Trust NASDAQ 100 Technology Index Fund by 0.9% in the third quarter. TriaGen Wealth Management LLC now owns 13,541 shares of the company’s stock worth $2,591,000 after purchasing an additional 117 shares during the period.

First Trust NASDAQ 100 Technology 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.