Shares of First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC - Get Free Report) saw strong trading volume on Wednesday . 676,755 shares traded hands during mid-day trading, an increase of 183% from the previous session's volume of 239,026 shares.The stock last traded at $151.72 and had previously closed at $149.56.
First Trust NASDAQ 100 Technology Index Fund Stock Up 0.7 %
The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 31.09 and a beta of 1.17. The stock's 50-day moving average price is $183.85 and its 200-day moving average price is $190.91.
First Trust NASDAQ 100 Technology Index Fund Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.0083 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.02%. The ex-dividend date was Thursday, March 27th.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in QTEC. Tucker Asset Management LLC increased its position in First Trust NASDAQ 100 Technology Index Fund by 37.0% during the fourth quarter. Tucker Asset Management LLC now owns 226 shares of the company's stock worth $43,000 after buying an additional 61 shares during the last quarter. United Advisor Group LLC lifted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 2.9% during the 4th quarter. United Advisor Group LLC now owns 2,220 shares of the company's stock worth $418,000 after acquiring an additional 63 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 10.5% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 693 shares of the company's stock valued at $120,000 after purchasing an additional 66 shares during the last quarter. REAP Financial Group LLC grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 68.6% during the fourth quarter. REAP Financial Group LLC now owns 172 shares of the company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Kovack Advisors Inc. grew its position in shares of First Trust NASDAQ 100 Technology Index Fund by 2.9% in the 4th quarter. Kovack Advisors Inc. now owns 2,661 shares of the company's stock valued at $501,000 after buying an additional 74 shares during the last quarter.
About First Trust NASDAQ 100 Technology Index Fund
(
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.
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