First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 0.2% Higher – What’s Next?

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s share price shot up 0.2% on Monday . The stock traded as high as $98.93 and last traded at $98.63. 4,282 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 4,306 shares. The stock had previously closed at $98.45.

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

The firm has a market capitalization of $119.15 million, a P/E ratio of 27.29 and a beta of 0.98. The firm has a 50-day moving average of $95.80 and a 200-day moving average of $94.16.

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

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.2056 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in QQXT. Bank of America Corp DE raised its stake in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 4.5% during the fourth quarter. Bank of America Corp DE now owns 10,632 shares of the company’s stock valued at $990,000 after acquiring an additional 453 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the fourth quarter worth about $112,000. Susquehanna International Group LLP raised its position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 270.2% in the fourth quarter. Susquehanna International Group LLP now owns 24,221 shares of the company’s stock worth $2,255,000 after acquiring an additional 17,678 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the fourth quarter worth about $2,722,000. Finally, Commonwealth Equity Services LLC increased its stake in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 3.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 6,363 shares of the company’s stock worth $593,000 after purchasing an additional 215 shares in the last quarter.

About First Trust NASDAQ 100 Ex-Technology Sector Index Fund

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.