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) reached a new 52-week high during mid-day trading on Tuesday. The company traded as high as $341.95 and last traded at $341.57, with a volume of 3450 shares. The stock had previously closed at $338.85.

First Trust NASDAQ-100 Technology Sector Index Fund Trading Down 1.3%

The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 35.79 and a beta of 1.43. The stock’s 50 day moving average is $317.60 and its 200 day moving average is $296.87.

Institutional Trading of First Trust NASDAQ-100 Technology Sector Index Fund

Several hedge funds have recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. acquired a new position in shares of First Trust NASDAQ-100 Technology Sector Index Fund in the first quarter valued at about $128,000. World Investment Advisors boosted its holdings in First Trust NASDAQ-100 Technology Sector Index Fund by 1.3% in the 1st quarter. World Investment Advisors now owns 12,338 shares of the company’s stock valued at $2,665,000 after purchasing an additional 164 shares during the period. Private Advisor Group LLC grew its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 42.8% during the 1st quarter. Private Advisor Group LLC now owns 50,743 shares of the company’s stock worth $10,960,000 after purchasing an additional 15,210 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 3.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 98,395 shares of the company’s stock worth $21,251,000 after purchasing an additional 3,424 shares in the last quarter. Finally, Hsbc Holdings PLC increased its holdings in shares of First Trust NASDAQ-100 Technology Sector Index Fund by 262.5% during the fourth quarter. Hsbc Holdings PLC now owns 19,854 shares of the company’s stock worth $4,596,000 after purchasing an additional 14,377 shares during the period.

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.