First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC – Get Free Report)’s share price shot up 1.9% on Monday . The stock traded as high as $197.26 and last traded at $196.63. 128,191 shares changed hands during trading, a decline of 23% from the average session volume of 165,699 shares. The stock had previously closed at $193.02.
First Trust NASDAQ 100 Technology Index Fund Stock Up 1.9 %
The company has a 50 day moving average of $194.97 and a 200 day moving average of $191.58. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17.
Institutional Trading of First Trust NASDAQ 100 Technology Index Fund
A number of hedge funds have recently made changes to their positions in QTEC. Centaurus Financial Inc. bought a new position in First Trust NASDAQ 100 Technology Index Fund during the 2nd quarter valued at $108,000. Pacifica Partners Inc. bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the third quarter worth about $25,000. Davis Investment Partners LLC acquired a new position in First Trust NASDAQ 100 Technology Index Fund in the third quarter worth about $847,000. WealthBridge Capital Management LLC increased its holdings in First Trust NASDAQ 100 Technology Index Fund by 29.2% in the third quarter. WealthBridge Capital Management LLC now owns 1,706 shares of the company’s stock valued at $326,000 after buying an additional 386 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust NASDAQ 100 Technology Index Fund by 0.5% during the second quarter. Cetera Investment Advisers now owns 55,970 shares of the company’s stock valued at $11,052,000 after buying an additional 271 shares in the last quarter.
First Trust NASDAQ 100 Technology 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.
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