First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Sees Unusually-High Trading Volume - Should You Buy?

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report) shares saw unusually-strong trading volume on Tuesday . Approximately 50,970 shares traded hands during mid-day trading, a decline of 14% from the previous session's volume of 59,584 shares.The stock last traded at $92.32 and had previously closed at $92.24.

First Trust NASDAQ 100 Ex-Technology Sector Index Fund Stock Up 0.5 %

The business's 50-day moving average price is $93.05 and its 200-day moving average price is $94.87. The firm has a market capitalization of $996.92 million, a PE ratio of 23.69 and a beta of 0.98.

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

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.1955 per share. This represents a $0.78 annualized dividend and a yield of 0.84%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust NASDAQ 100 Ex-Technology Sector Index Fund's previous quarterly dividend of $0.16.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. 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 first quarter. Cambridge Investment Research Advisors Inc. now owns 5,766 shares of the company's stock valued at $541,000 after buying an additional 245 shares during the period. Davis Investment Partners LLC acquired a new stake in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the 1st quarter worth approximately $998,000. EP Wealth Advisors LLC acquired a new stake in First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the fourth quarter worth $112,000. Bank of America Corp DE increased its holdings 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 buying an additional 453 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 270.2% in the 4th quarter. Susquehanna International Group LLP now owns 24,221 shares of the company's stock valued at $2,255,000 after buying an additional 17,678 shares during the period.

About First Trust NASDAQ 100 Ex-Technology Sector Index Fund

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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