First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 0.4% – What’s Next?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares shot up 0.4% on Friday . The company traded as high as $104.37 and last traded at $104.14. 1,022 shares traded hands during trading, a decline of 88% from the average session volume of 8,683 shares. The stock had previously closed at $103.68.

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

The firm has a market cap of $161.42 million, a P/E ratio of 23.20 and a beta of 0.82. The company has a 50 day moving average of $99.90 and a 200 day moving average of $99.46.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.187 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.75 dividend on an annualized basis and a yield of 0.7%.

Institutional Trading of First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several large investors have recently added to or reduced their stakes in QQXT. Providence Capital Advisors LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth $27,000. JPMorgan Chase & Co. acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the third quarter worth $228,000. Independent Financial Group LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter valued at about $254,000. Finally, Cetera Investment Advisers lifted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the second quarter. Cetera Investment Advisers now owns 3,337 shares of the company’s stock worth $330,000 after buying an additional 804 shares during the last quarter.

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.