First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Stock Price Down 0.1%

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) dropped 0.1% during mid-day trading on Wednesday . The stock traded as low as $188.43 and last traded at $189.00. Approximately 47,640 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 110,678 shares. The stock had previously closed at $189.21.

First Trust NASDAQ 100 Technology Index Fund Trading Down 0.5 %

The stock has a market capitalization of $4.00 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. The company’s 50-day simple moving average is $185.26 and its 200-day simple moving average is $188.85.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of QTEC. Centaurus Financial Inc. bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the second quarter worth about $108,000. Sanctuary Advisors LLC acquired a new stake in First Trust NASDAQ 100 Technology Index Fund during the 2nd quarter valued at approximately $375,000. Cetera Investment Advisers raised its holdings in First Trust NASDAQ 100 Technology Index Fund by 0.5% during the 2nd quarter. Cetera Investment Advisers now owns 55,970 shares of the company’s stock worth $11,052,000 after purchasing an additional 271 shares during the last quarter. SPC Financial Inc. boosted its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 4.5% in the 2nd quarter. SPC Financial Inc. now owns 26,150 shares of the company’s stock valued at $5,164,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Gateway Wealth Partners LLC increased its position in shares of First Trust NASDAQ 100 Technology Index Fund by 14.6% during the second quarter. Gateway Wealth Partners LLC now owns 4,093 shares of the company’s stock worth $808,000 after buying an additional 521 shares during the period.

First Trust NASDAQ 100 Technology 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.