First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 1-Year High – Still a Buy?

Shares of First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) reached a new 52-week high on Tuesday . The stock traded as high as $229.87 and last traded at $229.44, with a volume of 54737 shares trading hands. The stock had previously closed at $227.62.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 0.8%

The firm has a 50 day simple moving average of $215.57 and a 200-day simple moving average of $197.80. The company has a market cap of $2.89 billion, a PE ratio of 35.79 and a beta of 1.17.

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

Large investors have recently modified their holdings of the business. Hughes Financial Services LLC boosted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% in the second quarter. Hughes Financial Services LLC now owns 116 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. REAP Financial Group LLC boosted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 68.6% in the fourth quarter. REAP Financial Group LLC now owns 172 shares of the company’s stock valued at $32,000 after buying an additional 70 shares during the last quarter. Creative Capital Management Investments LLC purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at approximately $32,000. Trust Co. of Vermont purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at approximately $36,000.

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.