First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Shares Down 0.5% – Time to Sell?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC)’s stock price fell 0.5% on Monday . The company traded as low as $196.71 and last traded at $198.26. 70,418 shares traded hands during trading, a decline of 38% from the average session volume of 112,741 shares. The stock had previously closed at $199.21.

First Trust NASDAQ 100 Technology Index Fund Price Performance

The company has a market capitalization of $4.04 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. The stock’s fifty day simple moving average is $189.74 and its two-hundred day simple moving average is $190.20.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC increased its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 22,919.1% in 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. Raymond James & Associates increased its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 4.5% in the 2nd quarter. Raymond James & Associates now owns 274,324 shares of the company’s stock worth $54,168,000 after acquiring an additional 11,895 shares during the period. Raymond James Financial Services Advisors Inc. increased its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 1.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 228,771 shares of the company’s stock worth $45,173,000 after acquiring an additional 2,960 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 8.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 169,287 shares of the company’s stock worth $33,427,000 after acquiring an additional 12,666 shares during the period. Finally, Syntegra Private Wealth Group LLC increased its stake in First Trust NASDAQ 100 Technology Index Fund by 1.0% during the 3rd quarter. Syntegra Private Wealth Group LLC now owns 128,443 shares of the company’s stock valued at $24,572,000 after buying an additional 1,295 shares during the period.

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.