First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 0.9% Higher – Here’s What Happened
by Doug Wharley · The Cerbat GemFirst Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC – Get Free Report) shot up 0.9% during trading on Monday . The company traded as high as $222.65 and last traded at $221.79. 185,663 shares changed hands during mid-day trading, a decline of 24% from the average session volume of 243,078 shares. The stock had previously closed at $219.78.
First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance
The business’s fifty day moving average is $224.65 and its two-hundred day moving average is $230.46. The company has a market cap of $2.76 billion, a P/E ratio of 35.79 and a beta of 1.30.
Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund
A number of large investors have recently modified their holdings of QTEC. Hilton Head Capital Partners LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth $27,000. Logan Capital Management Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 3rd quarter worth $27,000. O Shaughnessy Asset Management LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth $34,000. Evelyn Partners Investment Management LLP purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at $40,000. Finally, Godfrey Financial Associates Inc. purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at $46,000.
First Trust NASDAQ-100 Technology Sector Index Fund Company Profile
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.