First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Reaches New 1-Year High – Here’s Why

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC)’s share price 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 Up 1.8 %

The firm has a market cap of $4.14 billion, a P/E ratio of 35.60 and a beta of 1.17. The business has a fifty day moving average of $196.19 and a 200 day moving average of $191.84.

Hedge Funds Weigh In On First Trust NASDAQ 100 Technology Index Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Gateway Wealth Partners LLC boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 23.4% during the third quarter. Gateway Wealth Partners LLC now owns 5,051 shares of the company’s stock worth $966,000 after acquiring an additional 958 shares during the period. Peterson Wealth Advisors LLC boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 6.6% during the third quarter. Peterson Wealth Advisors LLC now owns 4,372 shares of the company’s stock worth $836,000 after acquiring an additional 269 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 22,919.1% during the third quarter. International Assets Investment Management LLC now owns 2,726,386 shares of the company’s stock worth $521,585,000 after acquiring an additional 2,714,542 shares during the period. Syntegra Private Wealth Group LLC boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 1.0% during the third quarter. Syntegra Private Wealth Group LLC now owns 128,443 shares of the company’s stock worth $24,572,000 after acquiring an additional 1,295 shares during the period. Finally, Northwest Investment Counselors LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the third quarter worth approximately $91,000.

About First Trust NASDAQ 100 Technology Index Fund

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.