First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 52-Week High – What’s Next?

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTECGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $335.85 and last traded at $335.36, with a volume of 8962 shares trading hands. The stock had previously closed at $334.44.

First Trust NASDAQ-100 Technology Sector Index Fund Price Performance

The firm has a market capitalization of $3.92 billion, a P/E ratio of 35.79 and a beta of 1.43. The stock’s fifty day simple moving average is $280.69 and its 200 day simple moving average is $247.82.

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

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

First Trust NASDAQ-100 Technology Sector Index Fund Company Profile

(Get Free Report)

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.

Further Reading

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