First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Shares Down 0.1% – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price was down 0.1% on Tuesday . The company traded as low as $229.71 and last traded at $231.62. Approximately 212,138 shares changed hands during mid-day trading, an increase of 9% from the average daily volume of 193,901 shares. The stock had previously closed at $231.81.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 0.1%

The company has a market capitalization of $2.88 billion, a price-to-earnings ratio of 35.79 and a beta of 1.27. The firm’s 50 day simple moving average is $233.01 and its 200-day simple moving average is $221.21.

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

A number of large investors have recently modified their holdings of the business. Raymond James Financial Inc. boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 0.6% in the first quarter. Raymond James Financial Inc. now owns 496,798 shares of the company’s stock valued at $86,224,000 after buying an additional 2,756 shares in the last quarter. Royal Bank of Canada raised its position in First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% in the first quarter. Royal Bank of Canada now owns 257,384 shares of the company’s stock worth $44,672,000 after acquiring an additional 8,463 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 4.0% in the second quarter. Osaic Holdings Inc. now owns 188,598 shares of the company’s stock valued at $40,106,000 after acquiring an additional 7,220 shares during the period. NewEdge Advisors LLC boosted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 7.6% during the 1st quarter. NewEdge Advisors LLC now owns 130,858 shares of the company’s stock worth $22,712,000 after purchasing an additional 9,268 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 27.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 93,721 shares of the company’s stock worth $16,266,000 after purchasing an additional 20,426 shares during the period.

About First Trust NASDAQ-100 Technology Sector 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.