First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Up 0.3% – Time to Buy?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s stock price traded up 0.3% during trading on Friday . The company traded as high as $99.02 and last traded at $98.5610. Approximately 1,166 shares traded hands during trading, a decline of 86% from the average daily volume of 8,152 shares. The stock had previously closed at $98.30.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Stock Performance

The firm has a market capitalization of $152.77 million, a P/E ratio of 23.20 and a beta of 0.82. The stock has a fifty day moving average price of $101.08 and a two-hundred day moving average price of $99.57.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.187 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of QQXT. Providence Capital Advisors LLC acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at approximately $27,000. Integrated Wealth Concepts LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter worth $28,000. JPMorgan Chase & Co. bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 3rd quarter valued at about $228,000. Finally, Independent Financial Group LLC bought a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter valued at approximately $254,000.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.