First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading 1.3% Higher – Should You Buy?

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) rose 1.3% during mid-day trading on Friday . The company traded as high as $94.37 and last traded at $94.20. Approximately 4,723 shares changed hands during trading, an increase of 6% from the average daily volume of 4,462 shares. The stock had previously closed at $93.00.

First Trust NASDAQ 100 Ex-Technology Sector Index Fund Stock Up 1.3 %

The stock has a market capitalization of $113.04 million, a P/E ratio of 27.29 and a beta of 0.98. The stock’s 50 day moving average price is $95.88 and its 200-day moving average price is $92.45.

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

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.2056 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of large investors have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the third quarter worth $311,000. Kraft Davis & Associates LLC purchased a new position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund during the 3rd quarter worth $201,000. International Assets Investment Management LLC increased its position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 9,205.7% during the 3rd quarter. International Assets Investment Management LLC now owns 193,559 shares of the company’s stock valued at $18,013,000 after buying an additional 191,479 shares in the last quarter. Finally, Fortune Financial Advisors LLC raised its stake in 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 valued at $762,000 after buying an additional 875 shares during 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.