First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Up 1% – Here’s Why

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares were up 1% on Friday . The stock traded as high as $100.65 and last traded at $100.62. Approximately 6,970 shares were traded during trading, a decline of 65% from the average daily volume of 19,835 shares. The stock had previously closed at $99.60.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Trading Up 1.0%

The firm’s 50 day simple moving average is $100.11 and its 200 day simple moving average is $99.11. The firm has a market cap of $201.24 million, a PE ratio of 23.20 and a beta of 0.94.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.6934 dividend. 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 2.8%. The ex-dividend date was Friday, December 12th.

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

Several institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter worth approximately $206,000. Kraft Davis & Associates LLC bought a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter worth $218,000. JPMorgan Chase & Co. purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the third quarter valued at $228,000. Claro Advisors LLC purchased a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at $236,000. Finally, Kovack Advisors Inc. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the second quarter valued at $265,000.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

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.