First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Shares Down 0.1% – Here’s What Happened

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) shares traded down 0.1% during trading on Monday . The stock traded as low as $191.30 and last traded at $192.99. 55,384 shares traded hands during trading, a decline of 51% from the average session volume of 112,510 shares. The stock had previously closed at $193.13.

First Trust NASDAQ 100 Technology Index Fund Stock Performance

The company has a 50 day moving average of $188.89 and a 200 day moving average of $189.23. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17.

Hedge Funds Weigh In On First Trust NASDAQ 100 Technology Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC lifted its position in First Trust NASDAQ 100 Technology Index Fund by 22,919.1% during the third quarter. International Assets Investment Management LLC now owns 2,726,386 shares of the company’s stock worth $521,585,000 after buying an additional 2,714,542 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 157.9% during the 1st quarter. Cetera Investment Advisers now owns 55,699 shares of the company’s stock valued at $10,621,000 after acquiring an additional 34,106 shares during the last quarter. TCP Asset Management LLC boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 41.5% during the 1st quarter. TCP Asset Management LLC now owns 78,942 shares of the company’s stock valued at $15,053,000 after acquiring an additional 23,146 shares during the last quarter. Kraft Davis & Associates LLC purchased a new stake in shares of First Trust NASDAQ 100 Technology Index Fund in the second quarter valued at about $3,571,000. Finally, Fifth Third Securities Inc. acquired a new stake in First Trust NASDAQ 100 Technology Index Fund during the second quarter worth about $3,408,000.

About First Trust NASDAQ 100 Technology Index Fund

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.