First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Down 0.4% - Here's Why

Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report) dropped 0.4% during trading on Monday . The stock traded as low as $97.99 and last traded at $98.13. Approximately 15,213 shares traded hands during trading, a decline of 76% from the average daily volume of 63,512 shares. The stock had previously closed at $98.53.

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

The firm has a market cap of $1.07 billion, a P/E ratio of 25.77 and a beta of 0.98. The stock has a fifty day simple moving average of $94.08 and a 200 day simple moving average of $95.33.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1955 dividend. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund's previous quarterly dividend of $0.16. The ex-dividend date was Thursday, March 27th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.80%.

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

Several hedge funds have recently bought and sold shares of the stock. Jones Financial Companies Lllp boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 72.4% in the 4th quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock worth $84,000 after buying an additional 380 shares during the period. EP Wealth Advisors LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter worth about $112,000. Burney Co. purchased a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the first quarter worth about $200,000. Cambridge Investment Research Advisors Inc. lifted its holdings in 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 purchasing an additional 245 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,363 shares of the company's stock worth $593,000 after purchasing an additional 215 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.