First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Up 0.3% – Should You Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s stock price rose 0.3% on Friday . The company traded as high as $99.02 and last traded at $98.5610. Approximately 1,166 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 8,152 shares. The stock had previously closed at $98.30.

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

The company has a market capitalization of $152.77 million, a PE ratio of 23.20 and a beta of 0.82. The company has a 50 day moving average price of $101.08 and a 200 day moving average price of $99.57.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.187 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.75 annualized dividend and a dividend yield of 0.8%.

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

A number of hedge funds have recently bought and sold shares of QQXT. Providence Capital Advisors LLC acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at approximately $25,000. Cetera Investment Advisers raised its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% during the first quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock worth $354,000 after purchasing an additional 254 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $27,000. Integrated Wealth Concepts LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter valued at about $28,000. Finally, Regal Investment Advisors LLC grew its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% in the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock worth $815,000 after purchasing an additional 530 shares during the last quarter.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.