First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 0.9% Higher – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) traded up 0.9% on Monday . The company traded as high as $222.65 and last traded at $221.79. 185,663 shares were traded during 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 Up 0.9%

The company has a market cap of $2.69 billion, a P/E ratio of 35.79 and a beta of 1.27. The business has a fifty day moving average price of $225.05 and a 200-day moving average price of $230.49.

Institutional Investors Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund

Several institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4,503.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,212,773 shares of the company’s stock valued at $509,402,000 after buying an additional 2,164,710 shares during the period. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4.4% in the fourth quarter. LPL Financial LLC now owns 632,066 shares of the company’s stock valued at $145,508,000 after buying an additional 26,878 shares during the period. Morgan Stanley boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 0.8% in the fourth quarter. Morgan Stanley now owns 621,138 shares of the company’s stock valued at $142,992,000 after buying an additional 4,735 shares during the period. UBS Group AG boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% in the fourth quarter. UBS Group AG now owns 272,008 shares of the company’s stock valued at $62,619,000 after buying an additional 13,285 shares during the period. Finally, Osaic Holdings Inc. boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4.0% in the second quarter. Osaic Holdings Inc. now owns 188,598 shares of the company’s stock valued at $40,106,000 after buying an additional 7,220 shares during the period.

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.