First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 1-Year High – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $315.21 and last traded at $314.09, with a volume of 167078 shares changing hands. The stock had previously closed at $304.62.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Up 3.1%

The firm has a market cap of $3.64 billion, a PE ratio of 35.79 and a beta of 1.39. The business has a fifty day moving average price of $253.01 and a 200 day moving average price of $238.79.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Navellier & Associates Inc. purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 3rd quarter valued at about $417,000. Ashton Thomas Private Wealth LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth approximately $230,000. Moloney Securities Asset Management LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter worth approximately $208,000. Gateway Wealth Partners LLC grew its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 4.5% during the 3rd quarter. Gateway Wealth Partners LLC now owns 9,929 shares of the company’s stock worth $2,280,000 after buying an additional 426 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 7.3% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 6,499 shares of the company’s stock worth $1,492,000 after buying an additional 444 shares during the last quarter.

About First Trust NASDAQ-100 Technology Sector Index Fund

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.