First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Up 1% – Time to Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s share price rose 1% during trading on Friday . The company traded as high as $100.65 and last traded at $100.62. Approximately 6,970 shares were traded during trading, a decline of 65% from the average daily volume of 19,835 shares. The stock had previously closed at $99.60.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Price Performance

The firm has a 50 day simple moving average of $100.11 and a two-hundred day simple moving average of $99.12. The stock has a market cap of $201.24 million, a price-to-earnings ratio of 23.20 and a beta of 0.94.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.6934 dividend. The ex-dividend date was Friday, December 12th. This represents a $2.77 dividend on an annualized basis and a dividend yield of 2.8%. This is a positive change from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.15.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter valued at approximately $206,000. Kraft Davis & Associates LLC acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter valued at $218,000. JPMorgan Chase & Co. bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 3rd quarter valued at $228,000. Claro Advisors LLC bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter valued at $236,000. Finally, Kovack Advisors Inc. acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter worth $265,000.

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.