First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 1% Higher – Here’s Why

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) traded up 1% during trading on Thursday . The company traded as high as $216.43 and last traded at $215.99. 84,146 shares traded hands during trading, a decline of 63% from the average session volume of 228,595 shares. The stock had previously closed at $213.85.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The firm’s fifty day moving average price is $213.65 and its 200 day moving average price is $195.37. The firm has a market cap of $2.72 billion, a P/E ratio of 35.79 and a beta of 1.17.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds and other institutional investors have recently bought and sold shares of QTEC. Jane Street Group LLC raised its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 176.6% in the 1st quarter. Jane Street Group LLC now owns 28,691 shares of the company’s stock worth $4,980,000 after acquiring an additional 66,133 shares in the last quarter. Maridea Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the second quarter valued at about $5,702,000. Brio Consultants LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 1st quarter worth approximately $4,381,000. Vestmark Advisory Solutions Inc. lifted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 79.6% during the second quarter. Vestmark Advisory Solutions Inc. now owns 54,738 shares of the company’s stock valued at $11,650,000 after acquiring an additional 24,264 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 23,953.0% in the second quarter. Tower Research Capital LLC TRC now owns 24,053 shares of the company’s stock valued at $5,119,000 after acquiring an additional 23,953 shares in the last quarter.

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.