First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 12-Month High – Here’s Why

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $335.85 and last traded at $335.36, with a volume of 8962 shares traded. The stock had previously closed at $334.44.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 0.9%

The stock has a market cap of $3.92 billion, a P/E ratio of 35.79 and a beta of 1.43. The business has a 50 day moving average price of $280.69 and a 200 day moving average price of $247.82.

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

Hedge funds have recently bought and sold shares of the business. Logan Capital Management Inc. bought a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the third quarter worth $27,000. Hilton Head Capital Partners LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter worth about $27,000. O Shaughnessy Asset Management LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter worth about $34,000. Evelyn Partners Investment Management LLP purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth about $40,000. Finally, Godfrey Financial Associates Inc. bought a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at about $46,000.

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.