First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) to Issue Quarterly Dividend of $0.03

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) announced a quarterly dividend on Wednesday, June 24th. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.0326 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, June 25th.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 0.8%

QTEC stock opened at $317.57 on Thursday. The stock’s 50 day simple moving average is $294.94 and its 200 day simple moving average is $252.58. First Trust NASDAQ-100 Technology Sector Index Fund has a 12-month low of $205.57 and a 12-month high of $340.23. The firm has a market cap of $3.68 billion, a P/E ratio of 35.79 and a beta of 1.43.

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

A number of institutional investors and hedge funds have recently modified their holdings of QTEC. Modern Wealth Management LLC lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.7% in the 1st quarter. Modern Wealth Management LLC now owns 2,443 shares of the company’s stock worth $535,000 after buying an additional 42 shares during the last quarter. Blackston Financial Advisory Group LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% during the fourth quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company’s stock worth $432,000 after acquiring an additional 46 shares during the period. Aptus Capital Advisors LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,418 shares of the company’s stock worth $326,000 after acquiring an additional 47 shares during the period. Chicago Partners Investment Group LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 0.9% during the fourth quarter. Chicago Partners Investment Group LLC now owns 5,404 shares of the company’s stock worth $1,290,000 after acquiring an additional 48 shares during the period. Finally, Total Clarity Wealth Management Inc. lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 1.3% in the third quarter. Total Clarity Wealth Management Inc. now owns 3,762 shares of the company’s stock worth $864,000 after acquiring an additional 50 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.