First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Plans $0.15 Quarterly Dividend

Key Points

• The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) has announced a quarterly dividend of $0.15 per share, payable on September 30th to shareholders on record as of September 25th.
• As of now, QQXT's share price is $98.20, with a market capitalization of $1.11 billion and a PE ratio of 23.20.
• Several institutional investors, including Bank of America and Royal Bank of Canada, have recently increased their stakes in the First Trust NASDAQ-100 Ex-Technology Sector Index Fund.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report) announced a quarterly dividend on Wednesday, September 24th. Stockholders of record on Thursday, September 25th will be given a dividend of 0.1463 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 25th.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 0.2%

Shares of NASDAQ QQXT opened at $98.20 on Thursday. The business has a 50-day moving average price of $98.76 and a 200 day moving average price of $96.43. The stock has a market cap of $1.11 billion, a PE ratio of 23.20 and a beta of 0.98. First Trust NASDAQ-100 Ex-Technology Sector Index Fund has a 52-week low of $83.08 and a 52-week high of $101.41.

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

A number of institutional investors have recently modified their holdings of QQXT. Bank of America Corp DE raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 4.5% in the 4th quarter. Bank of America Corp DE now owns 10,632 shares of the company's stock valued at $990,000 after purchasing an additional 453 shares during the last quarter. Davis Investment Partners LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter worth $998,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 4.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,766 shares of the company's stock worth $541,000 after acquiring an additional 245 shares during the period. Burney Co. purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter valued at about $200,000. Finally, Royal Bank of Canada increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.2% during the first quarter. Royal Bank of Canada now owns 31,286 shares of the company's stock worth $2,935,000 after acquiring an additional 3,147 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.

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