First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Up 0.4% – Here’s Why

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares traded up 0.4% during trading on Friday . The company traded as high as $104.37 and last traded at $104.14. 1,022 shares changed hands during trading, a decline of 88% from the average daily volume of 8,683 shares. The stock had previously closed at $103.68.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance

The stock has a fifty day simple moving average of $99.90 and a two-hundred day simple moving average of $99.46. The stock has a market capitalization of $161.42 million, a price-to-earnings ratio of 23.20 and a beta of 0.82.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.187 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Large investors have recently modified their holdings of the stock. Providence Capital Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 4th quarter valued at $25,000. Cetera Investment Advisers increased its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the first quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after purchasing an additional 254 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at about $27,000. Regal Investment Advisors LLC boosted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% during the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock worth $815,000 after purchasing an additional 530 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.0% in the 3rd quarter. UBS Group AG now owns 76,379 shares of the company’s stock valued at $7,556,000 after buying an additional 790 shares during the period.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.