Shares of First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $211.39 and last traded at $210.20, with a volume of 9492 shares traded. The stock had previously closed at $210.51.
First Trust NASDAQ-100 Technology Sector Index Fund Price Performance
The firm has a fifty day simple moving average of $193.20 and a 200-day simple moving average of $189.52. The firm has a market cap of $2.93 billion, a P/E ratio of 34.44 and a beta of 1.17.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in QTEC. Raymond James Financial Inc. bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth $93,018,000. Marshall Wace LLP lifted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 319.6% in the fourth quarter. Marshall Wace LLP now owns 130,023 shares of the company's stock valued at $24,481,000 after buying an additional 99,037 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2.1% in the fourth quarter. First Trust Advisors LP now owns 4,296,257 shares of the company's stock valued at $808,899,000 after buying an additional 90,302 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 849.8% in the fourth quarter. Wealthfront Advisers LLC now owns 90,016 shares of the company's stock valued at $16,948,000 after buying an additional 80,539 shares in the last quarter. Finally, Jane Street Group LLC lifted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 176.6% in the first quarter. Jane Street Group LLC now owns 28,691 shares of the company's stock valued at $4,980,000 after buying an additional 66,133 shares in the last quarter.
First Trust NASDAQ-100 Technology Sector Index Fund Company Profile
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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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