First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Up 1.1% – What’s Next?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) traded up 1.1% on Friday . The company traded as high as $104.06 and last traded at $104.03. 11,221 shares traded hands during trading, a decline of 34% from the average session volume of 17,085 shares. The stock had previously closed at $102.89.

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

The firm has a fifty day simple moving average of $100.72 and a 200-day simple moving average of $99.34. The company has a market capitalization of $208.06 million, a PE ratio of 23.20 and a beta of 0.94.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.6934 dividend. This represents a $2.77 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter worth about $732,445,000. Raymond James Financial Inc. grew its stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 796.3% in the second quarter. Raymond James Financial Inc. now owns 252,824 shares of the company’s stock worth $24,979,000 after purchasing an additional 224,618 shares in the last quarter. O Dell Group LLC acquired a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the second quarter worth about $21,425,000. NewEdge Advisors LLC increased its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 20,427.6% in the second quarter. NewEdge Advisors LLC now owns 202,813 shares of the company’s stock valued at $20,038,000 after buying an additional 201,825 shares during the last quarter. Finally, Earned Wealth Advisors LLC acquired a new stake in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the fourth quarter valued at approximately $17,861,000.

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.