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

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) reached a new 52-week high on Wednesday . The stock traded as high as $278.68 and last traded at $277.98, with a volume of 106643 shares changing hands. The stock had previously closed at $272.23.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The company has a fifty day moving average of $231.60 and a two-hundred day moving average of $232.78. The company has a market cap of $3.22 billion, a PE ratio of 35.79 and a beta of 1.39.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of QTEC. Hilton Head Capital Partners LLC purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at $27,000. Logan Capital Management Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter valued at $27,000. O Shaughnessy Asset Management LLC purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth about $34,000. Evelyn Partners Investment Management LLP purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth about $40,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth about $46,000.

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.