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First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Hits New 1-Year High - What's Next?

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

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $215.49 and last traded at $215.49, with a volume of 403 shares changing hands. The stock had previously closed at $213.14.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 34.44 and a beta of 1.17. The company has a fifty day simple moving average of $197.89 and a 200 day simple moving average of $190.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. HBW Advisory Services LLC lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 11.7% during the 2nd quarter. HBW Advisory Services LLC now owns 3,423 shares of the company's stock worth $729,000 after buying an additional 358 shares during the period. Apeiron RIA LLC lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 7.3% during the 1st quarter. Apeiron RIA LLC now owns 7,972 shares of the company's stock worth $1,384,000 after buying an additional 545 shares during the period. Geneos Wealth Management Inc. lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 14.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,398 shares of the company's stock worth $1,458,000 after buying an additional 1,091 shares during the period. Integrity Alliance LLC. acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund during the 1st quarter worth about $372,000. Finally, Jane Street Group LLC lifted 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 buying an additional 66,133 shares during the period.

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

(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.

Further Reading

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