First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Hits New 1-Year High - Should You Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as $217.29 and last traded at $217.09, with a volume of 8100 shares changing hands. The stock had previously closed at $216.60.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Down 0.6%

The business has a 50-day moving average price of $200.20 and a two-hundred day moving average price of $190.65. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 34.44 and a beta of 1.17.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP increased its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 319.6% during the fourth quarter. Marshall Wace LLP now owns 130,023 shares of the company's stock worth $24,481,000 after acquiring an additional 99,037 shares in the last quarter. First Trust Advisors LP boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 2.1% during the 4th quarter. First Trust Advisors LP now owns 4,296,257 shares of the company's stock valued at $808,899,000 after purchasing an additional 90,302 shares during the last quarter. Wealthfront Advisers LLC increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 849.8% during the 4th quarter. Wealthfront Advisers LLC now owns 90,016 shares of the company's stock worth $16,948,000 after purchasing an additional 80,539 shares in the last quarter. Jane Street Group LLC increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 176.6% during the 1st quarter. Jane Street Group LLC now owns 28,691 shares of the company's stock worth $4,980,000 after purchasing an additional 66,133 shares in the last quarter. Finally, Independent Advisor Alliance purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter worth approximately $5,250,000.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

The First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) is an exchange-traded fund that is based on the NASDAQ-100 Technology Sector index. The fund tracks an equal-weighted index of the largest Nasdaq-listed US technology stocks. QTEC was launched on Apr 19, 2006 and is managed by First Trust.