First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 1.3% – Here’s What Happened

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s share price rose 1.3% during mid-day trading on Friday . The stock traded as high as $94.37 and last traded at $94.20. Approximately 4,723 shares were traded during mid-day trading, an increase of 6% from the average daily volume of 4,462 shares. The stock had previously closed at $93.00.

First Trust NASDAQ 100 Ex-Technology Sector Index Fund Trading Up 1.3 %

The company has a market cap of $122.46 million, a P/E ratio of 27.29 and a beta of 0.98. The business’s 50 day simple moving average is $95.88 and its 200 day simple moving average is $92.45.

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

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.2056 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kraft Davis & Associates LLC purchased a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the third quarter valued at $201,000. Jane Street Group LLC bought a new position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the third quarter valued at $311,000. Fortune Financial Advisors LLC raised its stake in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 11.3% in the second quarter. Fortune Financial Advisors LLC now owns 8,651 shares of the company’s stock valued at $762,000 after acquiring an additional 875 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 9,205.7% in the 3rd quarter. International Assets Investment Management LLC now owns 193,559 shares of the company’s stock worth $18,013,000 after acquiring an additional 191,479 shares during the last quarter.

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.