First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC – Get Free Report)’s share price was up 2.8% during trading on Tuesday . The stock traded as high as $241.95 and last traded at $241.57. Approximately 180,602 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 239,701 shares. The stock had previously closed at $234.90.
First Trust NASDAQ-100 Technology Sector Index Fund Trading Up 2.8%
The stock has a market cap of $3.03 billion, a PE ratio of 35.79 and a beta of 1.27. The business has a 50-day moving average price of $232.44 and a 200-day moving average price of $224.47.
Hedge Funds Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund
A number of hedge funds have recently made changes to their positions in QTEC. Hughes Financial Services LLC raised its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% in the second quarter. Hughes Financial Services LLC now owns 116 shares of the company’s stock valued at $25,000 after buying an additional 51 shares during the last quarter. Logan Capital Management Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the third quarter worth about $27,000. Creative Capital Management Investments LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at approximately $32,000. Trust Co. of Vermont acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the second quarter valued at $33,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at $36,000.
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.
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