First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 0.9% Higher - Should You Buy?

Key Points

• QTEC shares rose 0.9% to $221.79 on Monday with 185,663 shares traded, about 24% below average, and the price is trading under both its 50-day ($225.05) and 200-day ($230.49) moving averages.
• The fund has a market cap of $2.69 billion, a trailing P/E of 35.79 and a beta of 1.27; it is an equal-weighted ETF tracking the NASDAQ-100 technology sector, managed by First Trust since 2006.
• Multiple institutional investors reported small incremental increases in their QTEC stakes in recent quarters, suggesting modest inflows rather than major repositioning.

Shares of First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC - ) traded up 0.9% on Monday . The company traded as high as $222.65 and last traded at $221.79. 185,663 shares changed hands during trading, a decline of 24% from the average session volume of 243,078 shares. The stock had previously closed at $219.78.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

The business has a fifty day moving average price of $225.05 and a two-hundred day moving average price of $230.49. The firm has a market cap of $2.69 billion, a PE ratio of 35.79 and a beta of 1.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blackston Financial Advisory Group LLC boosted its stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 2.5% during the 4th quarter. Blackston Financial Advisory Group LLC now owns 1,875 shares of the company's stock worth $432,000 after acquiring an additional 46 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 3.4% during the 4th quarter. Aptus Capital Advisors LLC now owns 1,418 shares of the company's stock valued at $326,000 after purchasing an additional 47 shares during the last quarter. Chicago Partners Investment Group LLC raised its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 0.9% during the 4th quarter. Chicago Partners Investment Group LLC now owns 5,404 shares of the company's stock valued at $1,290,000 after purchasing an additional 48 shares during the last quarter. Total Clarity Wealth Management Inc. lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 1.3% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 3,762 shares of the company's stock worth $864,000 after acquiring an additional 50 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% in the 3rd quarter. GSA Capital Partners LLP now owns 1,122 shares of the company's stock worth $258,000 after acquiring an additional 54 shares during the period.

About First Trust NASDAQ-100 Technology Sector Index Fund

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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