First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Hits New 12-Month High – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) hit a new 52-week high during trading on Friday . The company traded as high as $248.89 and last traded at $248.46, with a volume of 6931 shares changing hands. The stock had previously closed at $243.95.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 1.9%

The stock’s 50-day moving average price is $225.02 and its 200 day moving average price is $230.85. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 35.79 and a beta of 1.30.

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

Hedge funds have recently modified their holdings of the business. Logan Capital Management Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter valued at about $27,000. Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at about $27,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter worth approximately $34,000. Evelyn Partners Investment Management LLP purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at approximately $40,000. Finally, Godfrey Financial Associates Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 4th quarter valued at approximately $46,000.

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.