First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Up 0.6% – Should You Buy?

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shot up 0.6% during mid-day trading on Thursday . The company traded as high as $96.60 and last traded at $96.55. 1,044 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 6,485 shares. The stock had previously closed at $95.97.

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

The firm has a market cap of $125.70 million, a P/E ratio of 27.29 and a beta of 0.98. The firm has a fifty day moving average of $92.84 and a 200-day moving average of $90.22.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a $0.1618 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.67%.

Institutional Investors Weigh In On First Trust NASDAQ 100 Ex-Technology Sector Index Fund

A number of hedge funds have recently made changes to their positions in QQXT. International Assets Investment Management LLC increased its stake in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 9,205.7% during the third quarter. International Assets Investment Management LLC now owns 193,559 shares of the company’s stock valued at $18,013,000 after acquiring an additional 191,479 shares during the period. Janney Montgomery Scott LLC boosted its stake in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 9.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,845 shares of the company’s stock worth $3,173,000 after purchasing an additional 2,866 shares during the period. Kraft Davis & Associates LLC purchased a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the third quarter valued at $201,000. Finally, Fortune Financial Advisors LLC lifted its position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 11.3% in the second quarter. Fortune Financial Advisors LLC now owns 8,651 shares of the company’s stock worth $762,000 after purchasing an additional 875 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.