First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Down 0.4% – Time to Sell?

Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) traded down 0.4% during trading on Friday . The stock traded as low as $98.82 and last traded at $98.97. 25,749 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 108,043 shares. The stock had previously closed at $99.37.

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

The company has a market capitalization of $212.79 million, a PE ratio of 23.20 and a beta of 0.94. The company’s 50-day simple moving average is $98.90 and its 200-day simple moving average is $98.78.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.6934 per share. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.15. This represents a $2.77 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, December 12th.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter worth approximately $732,445,000. Raymond James Financial Inc. boosted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock worth $24,979,000 after purchasing an additional 224,618 shares in the last quarter. O Dell Group LLC purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter worth $21,425,000. NewEdge Advisors LLC grew its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 20,427.6% in the second quarter. NewEdge Advisors LLC now owns 202,813 shares of the company’s stock valued at $20,038,000 after purchasing an additional 201,825 shares during the last quarter. Finally, Nilsine Partners LLC increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 49.7% in the third quarter. Nilsine Partners LLC now owns 184,961 shares of the company’s stock valued at $18,299,000 after buying an additional 61,385 shares in 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.