First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Stock Price Up 0.1% - Should You Buy?

Key Points

• First Trust NASDAQ-100 Technology Sector Index Fund (QTEC) experienced a slight increase of 0.1%, with the stock last trading at $227.62.
• The fund has a market capitalization of $2.87 billion and a price-to-earnings (PE) ratio of 35.79.
• Recent hedge fund activity shows significant investment interest, with Hughes Financial Services increasing its stake by 78.5% in the last quarter.

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - ) traded up 0.1% on Friday . The stock traded as high as $228.17 and last traded at $227.62. 98,702 shares were traded during mid-day trading, a decline of 55% from the average session volume of 217,720 shares. The stock had previously closed at $227.42.

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

The stock has a market capitalization of $2.87 billion, a PE ratio of 35.79 and a beta of 1.17. The firm has a 50 day moving average of $215.26 and a two-hundred day moving average of $197.31.

Hedge Funds Weigh In On First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds have recently bought and sold shares of QTEC. Hughes Financial Services LLC increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 78.5% in the 2nd quarter. Hughes Financial Services LLC now owns 116 shares of the company's stock valued at $25,000 after purchasing an additional 51 shares in the last quarter. REAP Financial Group LLC increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 68.6% in the 4th quarter. REAP Financial Group LLC now owns 172 shares of the company's stock valued at $32,000 after purchasing an additional 70 shares in the last quarter. Creative Capital Management Investments LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at approximately $32,000. Trust Co. of Vermont purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at approximately $33,000. Finally, First Command Advisory Services Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter valued at approximately $36,000.

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.

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