First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 0.7% Higher - Should You Buy?

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

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Up 0.7%

The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 24.45 and a beta of 0.98. The firm has a 50-day moving average of $96.54 and a two-hundred day moving average of $95.22.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Thursday, June 26th will be given a dividend of $0.1606 per share. This represents a $0.64 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, June 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of QQXT. Jones Financial Companies Lllp raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 72.4% during the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company's stock valued at $84,000 after buying an additional 380 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at $2,722,000. Commonwealth Equity Services LLC raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,363 shares of the company's stock valued at $593,000 after buying an additional 215 shares during the period. Susquehanna International Group LLP raised its position in 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 valued at $2,255,000 after buying an additional 17,678 shares during the period. Finally, Bank of America Corp DE raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 4.5% during the fourth 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.

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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