First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading Up 0.4% – Still a Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price shot up 0.4% during mid-day trading on Monday . The stock traded as high as $306.52 and last traded at $301.50. 197,060 shares traded hands during trading, a decline of 24% from the average session volume of 258,728 shares. The stock had previously closed at $300.27.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 0.4%

The company has a 50-day moving average of $314.02 and a 200 day moving average of $262.89. The firm has a market capitalization of $4.49 billion, a PE ratio of 35.79 and a beta of 1.42.

First Trust NASDAQ-100 Technology Sector Index Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0326 per share. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Stonekeep Investments LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter worth approximately $209,000. First Heartland Consultants Inc. grew its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 51.1% in the 2nd quarter. First Heartland Consultants Inc. now owns 1,416 shares of the company’s stock worth $474,000 after buying an additional 479 shares in the last quarter. Private Client Services LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $238,000. Western Wealth Management LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 1st quarter worth $176,000. Finally, Parallel Advisors LLC increased its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 21.6% in the 1st quarter. Parallel Advisors LLC now owns 4,072 shares of the company’s stock worth $880,000 after buying an additional 722 shares during the last quarter.

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.