First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Stock Breaks Below 200 Day Moving Average – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $284.69 and traded as low as $274.77. First Trust NASDAQ-100 Technology Sector Index Fund shares last traded at $280.87, with a volume of 2,957,817 shares.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Down 1.7%

The company has a market cap of $4.28 billion, a P/E ratio of 27.98 and a beta of 1.46. The firm’s 50 day moving average is $310.01 and its two-hundred day moving average is $284.69.

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

Institutional investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 87.6% during the third quarter. Marshall Wace LLP now owns 198,601 shares of the company’s stock worth $65,485,000 after acquiring an additional 92,721 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 67.7% in the second quarter. NewEdge Advisors LLC now owns 87,942 shares of the company’s stock valued at $29,433,000 after acquiring an additional 35,491 shares during the last quarter. Kestra Advisory Services LLC boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 2.2% in the third quarter. Kestra Advisory Services LLC now owns 67,806 shares of the company’s stock valued at $22,358,000 after acquiring an additional 1,470 shares during the last quarter. Nilsine Partners LLC boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 1,845.7% in the second quarter. Nilsine Partners LLC now owns 60,647 shares of the company’s stock valued at $20,298,000 after acquiring an additional 57,530 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in First Trust NASDAQ-100 Technology Sector Index Fund by 21.0% during the 2nd quarter. Baird Financial Group Inc. now owns 57,766 shares of the company’s stock valued at $19,334,000 after purchasing an additional 10,037 shares during the period.

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.