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First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Reaches New 52-Week High - Here's What Happened

First Trust NASDAQ 100 Technology Index Fund logo with Manufacturing background

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $206.80 and last traded at $206.69, with a volume of 84101 shares traded. The stock had previously closed at $203.08.

First Trust NASDAQ 100 Technology Index Fund Stock Performance

The firm has a market capitalization of $4.16 billion, a P/E ratio of 35.60 and a beta of 1.17. The stock has a 50-day moving average of $196.59 and a 200 day moving average of $192.36.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 2.1% during the 4th quarter. First Trust Advisors LP now owns 4,296,257 shares of the company's stock worth $808,899,000 after buying an additional 90,302 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 22,919.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,726,386 shares of the company's stock worth $521,585,000 after buying an additional 2,714,542 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth $93,018,000. Envestnet Asset Management Inc. lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 4.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 187,171 shares of the company's stock worth $35,240,000 after buying an additional 7,828 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in First Trust NASDAQ 100 Technology Index Fund by 4.2% during the 4th quarter. JPMorgan Chase & Co. now owns 173,463 shares of the company's stock worth $32,660,000 after buying an additional 6,922 shares in the last quarter.

First Trust NASDAQ 100 Technology Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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