First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Down 0.8% – Here’s What Happened

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares dropped 0.8% during mid-day trading on Monday . The company traded as low as $96.62 and last traded at $96.67. Approximately 1,672 shares traded hands during mid-day trading, a decline of 85% from the average daily volume of 11,272 shares. The stock had previously closed at $97.49.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Down 0.8%

The firm has a market cap of $174.01 million, a price-to-earnings ratio of 23.20 and a beta of 0.85. The company’s 50-day moving average price is $99.15 and its 200-day moving average price is $99.54.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.2015 per share. This represents a $0.81 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

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

Hedge funds have recently made changes to their positions in the business. Providence Capital Advisors LLC acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $27,000. JPMorgan Chase & Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the third quarter worth about $228,000. Independent Financial Group LLC acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter valued at approximately $254,000. Finally, Kovack Advisors Inc. raised its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% in the third quarter. Kovack Advisors Inc. now owns 2,976 shares of the company’s stock valued at $294,000 after acquiring an additional 295 shares in the last quarter.

About First Trust NASDAQ-100 Ex-Technology Sector Index Fund

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.