First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Stock Price Up 4.2% – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) shares were up 4.2% during mid-day trading on Monday . The stock traded as high as $327.15 and last traded at $326.11. Approximately 207,132 shares were traded during trading, a decline of 12% from the average session volume of 236,438 shares. The stock had previously closed at $312.97.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 0.4%

The stock has a fifty day moving average price of $310.51 and a 200 day moving average price of $288.42. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43.

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

A number of institutional investors have recently modified their holdings of the company. Modern Wealth Management LLC grew its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.7% in the 1st quarter. Modern Wealth Management LLC now owns 2,443 shares of the company’s stock valued at $535,000 after acquiring an additional 42 shares during the period. Chicago Partners Investment Group LLC raised its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.0% in the 1st quarter. Chicago Partners Investment Group LLC now owns 5,458 shares of the company’s stock valued at $1,179,000 after purchasing an additional 54 shares during the period. Continuum Advisory LLC bought a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at about $27,000. Pacific Sun Financial Corp lifted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 1.5% in the 1st quarter. Pacific Sun Financial Corp now owns 5,927 shares of the company’s stock valued at $1,280,000 after purchasing an additional 90 shares during the last quarter. Finally, Hilton Head Capital Partners LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter valued at about $27,000.

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.