First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Climb 1.3% – Here’s Why

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares traded up 1.3% during trading on Thursday. The stock traded as high as $99.29 and last traded at $99.26. 15,428 shares traded hands during mid-day trading, an increase of 83% from the average session volume of 8,416 shares. The stock had previously closed at $97.99.

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

The business’s 50 day moving average is $99.91 and its two-hundred day moving average is $99.06. The firm has a market capitalization of $143.48 million, a PE ratio of 23.20 and a beta of 0.83.

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

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1919 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is an increase from First Trust NASDAQ-100 Ex-Technology Sector Index Fund’s previous quarterly dividend of $0.1870. This represents a $0.77 dividend on an annualized basis 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 made changes to their positions in QQXT. Cetera Investment Advisers raised its stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 7.5% during the 1st quarter. Cetera Investment Advisers now owns 3,623 shares of the company’s stock valued at $354,000 after purchasing an additional 254 shares during the period. Integrated Wealth Concepts LLC bought a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 2nd quarter worth about $28,000. Earned Wealth Advisors LLC grew its holdings in First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 1.3% during the 1st quarter. Earned Wealth Advisors LLC now owns 182,083 shares of the company’s stock valued at $17,776,000 after buying an additional 2,345 shares in the last quarter. Independent Financial Group LLC purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at about $254,000. Finally, Equitable Trust Co. purchased a new position in First Trust NASDAQ-100 Ex-Technology Sector Index Fund during the 1st quarter valued at about $351,000.

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.