First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Stock Price Down 0% – Here’s Why

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares dropped 0% during mid-day trading on Monday . The stock traded as low as $97.50 and last traded at $98.1860. Approximately 2,462 shares traded hands during trading, a decline of 76% from the average daily volume of 10,346 shares. The stock had previously closed at $98.19.

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

The stock has a market cap of $176.73 million, a price-to-earnings ratio of 23.20 and a beta of 0.85. The company’s fifty day moving average price is $98.24 and its 200-day moving average price is $99.48.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.2015 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.81 annualized dividend and a dividend yield of 0.8%.

Hedge Funds Weigh In On First Trust NASDAQ-100 Ex-Technology Sector Index Fund

Several hedge funds have recently modified their holdings of the stock. Providence Capital Advisors LLC acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $25,000. Cetera Investment Advisers increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% in the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after acquiring an additional 254 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $27,000. Kovack Advisors Inc. increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.0% in the 3rd quarter. Kovack Advisors Inc. now owns 2,976 shares of the company’s stock valued at $294,000 after acquiring an additional 295 shares during the period. Finally, Regal Investment Advisors LLC increased its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 6.9% in the 4th quarter. Regal Investment Advisors LLC now owns 8,205 shares of the company’s stock valued at $815,000 after acquiring an additional 530 shares during the period.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

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.