First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Up 1.7% – Time to Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares rose 1.7% on Thursday . The stock traded as high as $100.33 and last traded at $100.3110. 2,605 shares changed hands during mid-day trading, a decline of 73% from the average session volume of 9,760 shares. The stock had previously closed at $98.61.

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

The stock has a market capitalization of $155.48 million, a P/E ratio of 23.20 and a beta of 0.83. The company’s 50 day simple moving average is $98.08 and its two-hundred day simple moving average is $99.29.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.187 dividend. This represents a $0.75 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in QQXT. Raymond James Financial Inc. lifted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% in the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock valued at $24,979,000 after buying an additional 224,618 shares during the period. Earned Wealth Advisors LLC raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the 1st 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 during the last quarter. Goldman Sachs Group Inc. raised its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% during the 4th 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. bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter valued at $9,713,000. Finally, Truist Financial Corp lifted its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 2.5% in the 4th quarter. Truist Financial Corp now owns 93,256 shares of the company’s stock valued at $9,267,000 after purchasing an additional 2,299 shares during the period.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

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.