First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Hits New 52-Week High at $206.15

Posted by Max Byerly on Jul 13th, 2024

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC – Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $206.15 and last traded at $205.96, with a volume of 10172 shares changing hands. The stock had previously closed at $205.33.

First Trust NASDAQ 100 Technology Index Fund Trading Up 1.3 %

The company has a 50 day moving average of $193.75 and a 200-day moving average of $187.33. The firm has a market capitalization of $4.24 billion, a P/E ratio of 35.60 and a beta of 1.17.

First Trust NASDAQ 100 Technology Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a dividend of $0.0342 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.07%. This is an increase from First Trust NASDAQ 100 Technology Index Fund’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of institutional investors have recently modified their holdings of QTEC. MeadowBrook Investment Advisors LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter valued at $30,000. ICA Group Wealth Management LLC bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter valued at $35,000. Mather Group LLC. bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 1st quarter valued at $36,000. Pineridge Advisors LLC acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 4th quarter worth $54,000. Finally, WFA Asset Management Corp acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 1st quarter worth $59,000.

First Trust NASDAQ 100 Technology Index Fund Company Profile

(Get Free Report)

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.