First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 0.9% Higher - Here's Why

Key Points

• The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) saw a stock price increase of 0.9%, trading at approximately $98.28 with a 90% decline in trading volume compared to its average session.
• The fund recently announced a quarterly dividend of $0.1463 per share, with an annualized yield of 0.6%, paid to shareholders as of September 25th.
• Institutional investors have recently increased their positions in QQXT, with significant boosts from firms like Cambridge Investment Research Advisors and Cetera Investment Advisers.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - )'s stock price traded up 0.9% on Friday . The stock traded as high as $98.47 and last traded at $98.28. 8,655 shares changed hands during trading, a decline of 90% from the average session volume of 82,870 shares. The stock had previously closed at $97.40.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Trading Up 0.9%

The firm has a market capitalization of $1.10 billion, a P/E ratio of 23.20 and a beta of 0.98. The firm has a 50-day moving average of $98.44 and a two-hundred day moving average of $96.97.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1463 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Investors Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Institutional investors and hedge funds have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 worth $541,000 after acquiring an additional 245 shares in the last quarter. Davis Investment Partners LLC boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.3% in the second quarter. Davis Investment Partners LLC now owns 11,358 shares of the company's stock worth $1,132,000 after acquiring an additional 361 shares in the last quarter. Cetera Investment Advisers boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 31.7% in the second quarter. Cetera Investment Advisers now owns 3,337 shares of the company's stock worth $330,000 after acquiring an additional 804 shares in the last quarter. CWM LLC boosted its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 3.0% in the third quarter. CWM LLC now owns 31,543 shares of the company's stock worth $3,121,000 after acquiring an additional 910 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter worth approximately $206,000.

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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