First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Increases Dividend to $0.19 Per Share

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) declared a quarterly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.1919 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, September 24th. This is a 2.6% increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.19.

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

NASDAQ QQXT traded down $0.34 during mid-day trading on Thursday, reaching $96.74. The stock had a trading volume of 1,630 shares, compared to its average volume of 8,085. The stock has a market cap of $145.11 million, a PE ratio of 23.20 and a beta of 0.82. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 1 year low of $95.86 and a 1 year high of $105.03. The company has a fifty day moving average price of $100.86 and a 200 day moving average price of $99.25.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of QQXT. Citadel Advisors LLC boosted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 109.3% during the second quarter. Citadel Advisors LLC now owns 19,550 shares of the company’s stock valued at $1,908,000 after buying an additional 10,209 shares during the last quarter. Earned Wealth Advisors LLC increased its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% in the 1st quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock worth $17,776,000 after buying an additional 2,345 shares in the last quarter. Independent Financial Group LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 1st quarter worth about $254,000. Cetera Investment Advisers raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock worth $354,000 after buying an additional 254 shares during the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter valued at about $28,000.

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.