First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Stock Crosses Below 200 Day Moving Average – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $283.43 and traded as low as $263.61. First Trust NASDAQ-100 Technology Sector Index Fund shares last traded at $264.19, with a volume of 854,817 shares changing hands.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Up 1.3%

The firm has a market cap of $3.97 billion, a P/E ratio of 35.79 and a beta of 1.46. The company’s fifty day moving average price is $312.87 and its two-hundred day moving average price is $283.61.

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

Large investors have recently added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 224.1% in the 3rd quarter. Moors & Cabot Inc. now owns 2,155 shares of the company’s stock worth $710,000 after acquiring an additional 1,490 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter valued at $268,000. Private Advisory Group LLC bought a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 3rd quarter valued at $239,000. Russell Investments Group Ltd. raised its position in First Trust NASDAQ-100 Technology Sector Index Fund by 43.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,895 shares of the company’s stock valued at $625,000 after purchasing an additional 571 shares during the last quarter. Finally, Cornerstone Wealth Management LLC raised its position in First Trust NASDAQ-100 Technology Sector Index Fund by 8.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 2,625 shares of the company’s stock valued at $866,000 after purchasing an additional 200 shares during the last quarter.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

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.