First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Sets New 52-Week High – Here’s Why

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC)’s stock price hit a new 52-week high on Thursday . The company traded as high as $206.80 and last traded at $206.69, with a volume of 84101 shares traded. The stock had previously closed at $203.08.

First Trust NASDAQ 100 Technology Index Fund Price Performance

The firm has a market capitalization of $4.16 billion, a P/E ratio of 35.60 and a beta of 1.17. The firm’s fifty day moving average price is $196.45 and its 200-day moving average price is $192.09.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Focus Financial Network Inc. lifted its stake in First Trust NASDAQ 100 Technology Index Fund by 2.8% during the third quarter. Focus Financial Network Inc. now owns 14,225 shares of the company’s stock valued at $2,721,000 after purchasing an additional 390 shares during the last quarter. Creative Planning grew its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 4.0% in the 3rd quarter. Creative Planning now owns 6,809 shares of the company’s stock worth $1,303,000 after acquiring an additional 259 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in First Trust NASDAQ 100 Technology Index Fund by 23.4% during the third quarter. Gateway Wealth Partners LLC now owns 5,051 shares of the company’s stock valued at $966,000 after buying an additional 958 shares in the last quarter. Peterson Wealth Advisors LLC lifted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 6.6% in the 3rd quarter. Peterson Wealth Advisors LLC now owns 4,372 shares of the company’s stock valued at $836,000 after acquiring an additional 269 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in First Trust NASDAQ 100 Technology Index Fund by 22,919.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,726,386 shares of the company’s stock worth $521,585,000 after acquiring an additional 2,714,542 shares during the period.

First Trust NASDAQ 100 Technology 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.