First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Shares Up 0.2% - Here's Why

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - Get Free Report)'s stock price shot up 0.2% during mid-day trading on Tuesday . The company traded as high as $216.36 and last traded at $214.55. 44,449 shares changed hands during trading, a decline of 83% from the average session volume of 256,694 shares. The stock had previously closed at $214.10.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 0.2%

The stock has a 50 day simple moving average of $202.86 and a two-hundred day simple moving average of $191.17. The stock has a market capitalization of $2.75 billion, a P/E ratio of 35.79 and a beta of 1.17.

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

A number of hedge funds have recently made changes to their positions in the business. Principal Securities Inc. lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 0.6% in the first quarter. Principal Securities Inc. now owns 9,521 shares of the company's stock valued at $1,793,000 after buying an additional 60 shares during the last quarter. Tucker Asset Management LLC lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 37.0% in the fourth quarter. Tucker Asset Management LLC now owns 226 shares of the company's stock valued at $43,000 after buying an additional 61 shares during the last quarter. United Advisor Group LLC lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2.9% in the fourth quarter. United Advisor Group LLC now owns 2,220 shares of the company's stock valued at $418,000 after buying an additional 63 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 10.5% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 693 shares of the company's stock valued at $120,000 after buying an additional 66 shares during the last quarter. Finally, REAP Financial Group LLC lifted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 68.6% during the 4th quarter. REAP Financial Group LLC now owns 172 shares of the company's stock worth $32,000 after purchasing an additional 70 shares during the last quarter.

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.

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