First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 0.4% Higher – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price rose 0.4% during mid-day trading on Monday . The stock traded as high as $306.52 and last traded at $301.50. 197,060 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 258,728 shares. The stock had previously closed at $300.27.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

The stock has a fifty day moving average of $314.41 and a 200 day moving average of $263.45. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 35.79 and a beta of 1.42.

First Trust NASDAQ-100 Technology Sector Index Fund Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0326 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.13 dividend on an annualized basis and a yield of 0.0%.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Several large investors have recently made changes to their positions in the business. United Advisor Group LLC lifted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 2.4% during the fourth quarter. United Advisor Group LLC now owns 3,088 shares of the company’s stock valued at $711,000 after purchasing an additional 71 shares during the period. Apollon Wealth Management LLC boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 5.9% in the fourth quarter. Apollon Wealth Management LLC now owns 5,530 shares of the company’s stock valued at $1,273,000 after purchasing an additional 310 shares during the last quarter. HBW Advisory Services LLC grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 170.0% during the 4th quarter. HBW Advisory Services LLC now owns 5,486 shares of the company’s stock worth $1,263,000 after purchasing an additional 3,454 shares during the period. Mainsail Financial Group LLC grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 2.1% during the 4th quarter. Mainsail Financial Group LLC now owns 35,136 shares of the company’s stock worth $8,089,000 after purchasing an additional 711 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 387.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,847 shares of the company’s stock valued at $1,802,000 after buying an additional 6,236 shares during the last quarter.

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.