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First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Reaches New 1-Year High - Still a Buy?

First Trust NASDAQ-100 Technology Sector Index Fund logo with Manufacturing background

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

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 0.1%

The firm has a market cap of $2.75 billion, a PE ratio of 34.44 and a beta of 1.17. The stock has a 50 day simple moving average of $200.93 and a 200-day simple moving average of $190.79.

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

Institutional investors have recently bought and sold shares of the business. Concentrum Wealth Management increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 0.5% in the 4th quarter. Concentrum Wealth Management now owns 24,286 shares of the company's stock worth $4,573,000 after buying an additional 117 shares in the last quarter. Wedbush Securities Inc. grew its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2.1% during the fourth quarter. Wedbush Securities Inc. now owns 8,260 shares of the company's stock valued at $1,555,000 after purchasing an additional 173 shares in the last quarter. World Investment Advisors grew its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 36.5% during the fourth quarter. World Investment Advisors now owns 28,435 shares of the company's stock valued at $5,354,000 after purchasing an additional 7,601 shares in the last quarter. OneAscent Financial Services LLC purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at about $1,445,000. Finally, Tradewinds LLC. purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the fourth quarter valued at about $287,000.

About First Trust NASDAQ-100 Technology Sector Index Fund

(Get Free Report)

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.

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