First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Hits New 52-Week High – Should You Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) shares reached a new 52-week high on Friday . The stock traded as high as $217.95 and last traded at $217.52, with a volume of 13234 shares traded. The stock had previously closed at $216.46.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

The stock has a market cap of $2.75 billion, a PE ratio of 35.79 and a beta of 1.17. The firm’s 50 day moving average price is $204.80 and its two-hundred day moving average price is $191.74.

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

Several hedge funds have recently bought and sold shares of QTEC. jvl associates llc purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $250,000. Trust Co. of Vermont purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $33,000. PFG Investments LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $208,000. Trivium Point Advisory LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $241,000. Finally, Maridea Wealth Management LLC purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the 2nd quarter worth approximately $5,702,000.

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.