First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Trading Down 0.5%

Shares of First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) dropped 0.5% during mid-day trading on Tuesday . The stock traded as low as $191.09 and last traded at $192.40. Approximately 61,766 shares changed hands during trading, a decline of 45% from the average daily volume of 111,995 shares. The stock had previously closed at $193.29.

First Trust NASDAQ 100 Technology Index Fund Stock Down 0.8 %

The stock has a market capitalization of $4.04 billion, a P/E ratio of 35.60 and a beta of 1.17. The company has a 50 day moving average of $186.37 and a 200-day moving average of $178.84.

First Trust NASDAQ 100 Technology Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a $0.0084 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.02%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of QTEC. Sunbelt Securities Inc. lifted its position in First Trust NASDAQ 100 Technology Index Fund by 3.3% in the 1st quarter. Sunbelt Securities Inc. now owns 2,176 shares of the company’s stock valued at $415,000 after purchasing an additional 69 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 37.3% during the third quarter. Larson Financial Group LLC now owns 313 shares of the company’s stock valued at $45,000 after buying an additional 85 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 4.2% during the fourth quarter. J.W. Cole Advisors Inc. now owns 2,396 shares of the company’s stock worth $420,000 after buying an additional 97 shares during the period. Kesler Norman & Wride LLC grew its holdings in First Trust NASDAQ 100 Technology Index Fund by 1.5% in the 1st quarter. Kesler Norman & Wride LLC now owns 6,404 shares of the company’s stock worth $1,221,000 after buying an additional 97 shares in the last quarter. Finally, Comerica Bank increased its position in First Trust NASDAQ 100 Technology Index Fund by 2.8% in the 1st quarter. Comerica Bank now owns 3,608 shares of the company’s stock valued at $688,000 after acquiring an additional 97 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.