First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Shares Down 0.2% – Time to Sell?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) fell 0.2% on Monday . The company traded as low as $315.73 and last traded at $315.85. 112,414 shares changed hands during trading, a decline of 57% from the average session volume of 258,810 shares. The stock had previously closed at $316.59.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The company has a fifty day moving average of $314.39 and a two-hundred day moving average of $270.62. The firm has a market capitalization of $4.88 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43.

First Trust NASDAQ-100 Technology Sector Index Fund Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0326 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.0%.

Institutional Investors Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Modern Wealth Management LLC boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 1.7% in the 1st quarter. Modern Wealth Management LLC now owns 2,443 shares of the company’s stock valued at $535,000 after purchasing an additional 42 shares during the period. Blackston Financial Advisory Group LLC increased its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company’s stock worth $432,000 after purchasing an additional 46 shares during the period. Aptus Capital Advisors LLC raised its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% in the fourth quarter. Aptus Capital Advisors LLC now owns 1,418 shares of the company’s stock worth $326,000 after buying an additional 47 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 0.9% in the fourth quarter. Chicago Partners Investment Group LLC now owns 5,404 shares of the company’s stock worth $1,290,000 after buying an additional 48 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 4.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,441 shares of the company’s stock valued at $332,000 after buying an additional 57 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.