First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Trading 1.3% Higher – Here’s Why

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) shot up 1.3% during trading on Wednesday . The stock traded as high as $230.30 and last traded at $228.15. 252,087 shares were traded during mid-day trading, an increase of 1% from the average session volume of 250,362 shares. The stock had previously closed at $225.17.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The company has a market capitalization of $2.85 billion, a PE ratio of 35.79 and a beta of 1.27. The company’s fifty day moving average is $234.03 and its 200-day moving average is $228.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Holistic Financial Partners grew its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 246.4% during the 2nd quarter. Holistic Financial Partners now owns 17,517 shares of the company’s stock valued at $3,728,000 after purchasing an additional 12,460 shares during the last quarter. IFG Advisory LLC boosted its position in First Trust NASDAQ-100 Technology Sector Index Fund by 18.9% in the second quarter. IFG Advisory LLC now owns 4,299 shares of the company’s stock valued at $915,000 after buying an additional 682 shares during the last quarter. Atria Investments Inc increased its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 26.0% in the 2nd quarter. Atria Investments Inc now owns 34,379 shares of the company’s stock worth $7,317,000 after buying an additional 7,095 shares during the period. Assetmark Inc. raised its position in First Trust NASDAQ-100 Technology Sector Index Fund by 10.8% during the 2nd quarter. Assetmark Inc. now owns 36,499 shares of the company’s stock worth $7,768,000 after buying an additional 3,569 shares during the last quarter. Finally, Daymark Wealth Partners LLC acquired a new stake in First Trust NASDAQ-100 Technology Sector Index Fund during the 2nd quarter valued at approximately $1,542,000.

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.