Shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - Get Free Report) rose 0.7% during mid-day trading on Wednesday . The company traded as high as $101.26 and last traded at $101.22. Approximately 5,389 shares changed hands during trading, a decline of 92% from the average daily volume of 64,759 shares. The stock had previously closed at $100.50.
First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance
The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 23.20 and a beta of 0.98. The company's 50 day moving average is $98.52 and its 200 day moving average is $95.87.
First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.1606 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, June 26th.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. EP Wealth Advisors LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the fourth quarter valued at approximately $112,000. Burney Co. bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 1st quarter valued at about $200,000. Cambridge Investment Research Advisors Inc. grew its position 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 valued at $541,000 after acquiring an additional 245 shares during the period. Commonwealth Equity Services LLC increased its holdings 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. Finally, Realta Investment Advisors bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter worth $631,000.
About First Trust NASDAQ-100 Ex-Technology Sector Index Fund
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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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