First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 0.3% Higher - Here's What Happened

Key Points

• QQXT shares rose 0.3% to $98.56 in Friday midday trading, though volume fell 86% below the average session level.
• The fund paid a quarterly dividend of $0.187 per share, equivalent to an annualized $0.75 and a 0.8% yield.
• Institutional interest increased, led by Raymond James Financial’s 796.3% position increase and Goldman Sachs Group’s 434.0% increase.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT - )'s stock price traded up 0.3% on Friday . The stock traded as high as $99.02 and last traded at $98.5610. 1,166 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 8,152 shares. The stock had previously closed at $98.30.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance

The company has a market capitalization of $152.77 million, a price-to-earnings ratio of 23.20 and a beta of 0.82. The stock's 50-day moving average price is $101.08 and its 200-day moving average price is $99.57.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.187 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.75 dividend on an annualized basis and a yield of 0.8%.

Institutional Investors Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Large investors have recently bought and sold shares of the stock. Raymond James Financial Inc. increased its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% during the 2nd quarter. Raymond James Financial Inc. now owns 252,824 shares of the company's stock worth $24,979,000 after purchasing an additional 224,618 shares in the last quarter. Earned Wealth Advisors LLC grew its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the first quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company's stock valued at $17,776,000 after acquiring an additional 2,345 shares during the period. Goldman Sachs Group Inc. increased its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 434.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 153,263 shares of the company's stock worth $15,230,000 after purchasing an additional 124,561 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 2nd quarter valued at $9,713,000. Finally, Summit Financial LLC raised its position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.7% in the fourth quarter. Summit Financial LLC now owns 85,837 shares of the company's stock valued at $8,530,000 after purchasing an additional 1,458 shares during the period.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.

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