First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 1.1% – Time to Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shot up 1.1% on Friday . The stock traded as high as $104.06 and last traded at $104.03. 11,221 shares were traded during mid-day trading, a decline of 34% from the average session volume of 17,085 shares. The stock had previously closed at $102.89.

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

The firm has a market capitalization of $208.06 million, a PE ratio of 23.20 and a beta of 0.94. The firm has a fifty day moving average of $100.72 and a 200 day moving average of $99.34.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.6934 per share. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.15. This represents a $2.77 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Regal Investment Advisors LLC increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% during the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock worth $815,000 after buying an additional 530 shares during the period. Tower Research Capital LLC TRC boosted its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3,597.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 17,341 shares of the company’s stock valued at $1,723,000 after buying an additional 16,872 shares during the last quarter. &PARTNERS acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at about $444,000. Royal Bank of Canada increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 28.5% during the fourth quarter. Royal Bank of Canada now owns 72,793 shares of the company’s stock worth $7,233,000 after acquiring an additional 16,150 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $434,000.

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.