First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Reaches New 1-Year High – Time to Buy?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $278.68 and last traded at $277.98, with a volume of 106643 shares. The stock had previously closed at $272.23.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The firm has a market capitalization of $3.31 billion, a PE ratio of 35.79 and a beta of 1.39. The company has a fifty day moving average price of $234.13 and a 200-day moving average price of $233.53.

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

Hedge funds have recently bought and sold shares of the business. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter worth $27,000. Logan Capital Management Inc. purchased a new stake in shares of First Trust NASDAQ-100 Technology Sector Index Fund during the 3rd quarter valued at about $27,000. O Shaughnessy Asset Management LLC bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter valued at about $34,000. Evelyn Partners Investment Management LLP bought a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the 4th quarter valued at about $40,000. Finally, Godfrey Financial Associates Inc. purchased a new position in First Trust NASDAQ-100 Technology Sector Index Fund in the fourth quarter worth about $46,000.

First Trust NASDAQ-100 Technology Sector 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.