First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Shares Down 0.2% – Time to Sell?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTECGet Free Report)’s stock price was down 0.2% during trading on Monday . The stock traded as low as $315.73 and last traded at $315.85. Approximately 112,414 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 258,810 shares. The stock had previously closed at $316.59.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The stock has a market capitalization of $4.82 billion, a PE ratio of 35.79 and a beta of 1.43. The business’s 50-day moving average price is $314.65 and its 200 day moving average price is $270.08.

First Trust NASDAQ-100 Technology Sector Index Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0326 per share. This represents a $0.13 annualized dividend and a yield of 0.0%. The ex-dividend date was Thursday, June 25th.

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

A number of institutional investors have recently added to or reduced their stakes in QTEC. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at about $27,000. Logan Capital Management Inc. bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter worth approximately $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 approximately $34,000. Evelyn Partners Investment Management LLP purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $40,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $46,000.

About First Trust NASDAQ-100 Technology Sector Index Fund

(Get Free Report)

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.

Further Reading

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