First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC) Sets New 12-Month High – Here’s What Happened

First Trust NASDAQ-100 Technology Sector Index Fund (NASDAQ:QTEC)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $338.60 and last traded at $338.02, with a volume of 6425 shares trading hands. The stock had previously closed at $335.18.

First Trust NASDAQ-100 Technology Sector Index Fund Stock Performance

The firm has a market capitalization of $3.90 billion, a PE ratio of 35.79 and a beta of 1.43. The company’s 50 day simple moving average is $289.20 and its 200-day simple moving average is $250.71.

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

A number of institutional investors and hedge funds have recently made changes to their positions in QTEC. Northwestern Mutual Wealth Management Co. grew its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 4,503.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,212,773 shares of the company’s stock worth $509,402,000 after buying an additional 2,164,710 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 4.4% during the 4th quarter. LPL Financial LLC now owns 632,066 shares of the company’s stock worth $145,508,000 after acquiring an additional 26,878 shares during the last quarter. Morgan Stanley grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 0.8% in the fourth quarter. Morgan Stanley now owns 621,138 shares of the company’s stock worth $142,992,000 after acquiring an additional 4,735 shares in the last quarter. UBS Group AG grew its position in First Trust NASDAQ-100 Technology Sector Index Fund by 5.1% in the fourth quarter. UBS Group AG now owns 272,008 shares of the company’s stock worth $62,619,000 after acquiring an additional 13,285 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in First Trust NASDAQ-100 Technology Sector Index Fund by 7.4% in the fourth quarter. Royal Bank of Canada now owns 184,306 shares of the company’s stock valued at $42,428,000 after acquiring an additional 12,751 shares during the last quarter.

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.