First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 0.7% - What's Next?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report)'s share price rose 0.7% during mid-day trading on Monday . The stock traded as high as $98.95 and last traded at $98.80. Approximately 19,095 shares changed hands during trading, a decline of 70% from the average daily volume of 64,094 shares. The stock had previously closed at $98.12.

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

The firm has a fifty day simple moving average of $97.06 and a 200-day simple moving average of $95.30. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 24.45 and a beta of 0.98.

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

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.1606 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Thursday, June 26th.

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

Several hedge funds and other institutional investors have recently modified their holdings of QQXT. Jones Financial Companies Lllp raised 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 valued at $84,000 after acquiring an additional 380 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter valued at approximately $2,722,000. Commonwealth Equity Services LLC grew its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 6,363 shares of the company's stock valued at $593,000 after purchasing an additional 215 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 270.2% during the fourth quarter. Susquehanna International Group LLP now owns 24,221 shares of the company's stock worth $2,255,000 after purchasing an additional 17,678 shares during the period. Finally, Bank of America Corp DE lifted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 4.5% during the 4th quarter. Bank of America Corp DE now owns 10,632 shares of the company's stock worth $990,000 after purchasing an additional 453 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.