First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Trading Up 0.9% – Still a Buy?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) shares rose 0.9% on Wednesday . The stock traded as high as $195.75 and last traded at $195.43. Approximately 75,462 shares were traded during trading, a decline of 34% from the average daily volume of 114,096 shares. The stock had previously closed at $193.70.

First Trust NASDAQ 100 Technology Index Fund Trading Down 0.1 %

The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. The firm has a 50 day moving average price of $195.31 and a 200-day moving average price of $192.29.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its stake in First Trust NASDAQ 100 Technology Index Fund by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 13,996 shares of the company’s stock valued at $2,676,000 after buying an additional 60 shares during the period. Benjamin Edwards Inc. boosted its stake in shares of First Trust NASDAQ 100 Technology Index Fund by 7.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 978 shares of the company’s stock worth $193,000 after acquiring an additional 72 shares in the last quarter. L & S Advisors Inc lifted its stake in First Trust NASDAQ 100 Technology Index Fund by 4.7% during the third quarter. L & S Advisors Inc now owns 1,872 shares of the company’s stock valued at $358,000 after buying an additional 84 shares in the last quarter. Sigma Planning Corp grew its position in First Trust NASDAQ 100 Technology Index Fund by 2.9% during the 3rd quarter. Sigma Planning Corp now owns 3,097 shares of the company’s stock worth $592,000 after purchasing an additional 87 shares in the last quarter. Finally, TriaGen Wealth Management LLC lifted its stake in First Trust NASDAQ 100 Technology Index Fund by 0.9% in the 3rd quarter. TriaGen Wealth Management LLC now owns 13,541 shares of the company’s stock worth $2,591,000 after acquiring an additional 117 shares in the last quarter.

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.