First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Down 0.2% – Time to Sell?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s stock price was down 0.2% during mid-day trading on Monday . The company traded as low as $96.38 and last traded at $96.6510. 7,875 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 9,587 shares. The stock had previously closed at $96.82.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Trading Down 0.2%

The stock has a market capitalization of $173.97 million, a PE ratio of 23.20 and a beta of 0.83. The firm has a 50-day moving average price of $98.29 and a 200-day moving average price of $99.43.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.2015 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 annualized dividend and a yield of 0.8%.

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

A number of large investors have recently added to or reduced their stakes in the stock. Providence Capital Advisors LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter worth about $25,000. Cetera Investment Advisers grew its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after acquiring an additional 254 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at approximately $27,000. Kovack Advisors Inc. increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% during the 3rd quarter. Kovack Advisors Inc. now owns 2,976 shares of the company’s stock worth $294,000 after purchasing an additional 295 shares during the last quarter. Finally, Regal Investment Advisors LLC increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% during the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock worth $815,000 after purchasing an additional 530 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.