First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Down 0% – Here’s Why

Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) dropped 0% on Monday . The stock traded as low as $97.50 and last traded at $98.1860. Approximately 2,462 shares changed hands during mid-day trading, a decline of 76% from the average daily volume of 10,346 shares. The stock had previously closed at $98.19.

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

The firm has a fifty day moving average of $98.24 and a two-hundred day moving average of $99.48. The stock has a market capitalization of $176.73 million, a P/E ratio of 23.20 and a beta of 0.85.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.2015 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.81 dividend on an annualized basis and a yield of 0.8%.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

A number of large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock worth $24,979,000 after purchasing an additional 224,618 shares in the last quarter. Earned Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth $17,861,000. Goldman Sachs Group Inc. increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 153,263 shares of the company’s stock worth $15,230,000 after purchasing an additional 124,561 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter worth $9,713,000. Finally, Bank of America Corp DE increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 525.5% during the second quarter. Bank of America Corp DE now owns 64,628 shares of the company’s stock worth $6,385,000 after purchasing an additional 54,296 shares in the last quarter.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.