First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Reaches New 1-Year High – Still a Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s share price hit a new 52-week high on Wednesday . The company traded as high as $315.21 and last traded at $314.09, with a volume of 167078 shares changing hands. The stock had previously closed at $304.62.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Up 1.5%

The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 35.79 and a beta of 1.39. The business’s fifty day moving average is $256.45 and its two-hundred day moving average is $239.89.

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

Large investors have recently bought and sold shares of the business. Hilton Head Capital Partners LLC acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $27,000. Logan Capital Management Inc. acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the third quarter valued at approximately $27,000. O Shaughnessy Asset Management LLC acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $34,000. Evelyn Partners Investment Management LLP acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter valued at approximately $40,000. Finally, Godfrey Financial Associates Inc. acquired a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth 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.