First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Shares Up 0.9% – Should You Buy?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC)’s share price rose 0.9% on Wednesday . The stock traded as high as $195.75 and last traded at $195.43. Approximately 75,462 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 114,096 shares. The stock had previously closed at $193.70.

First Trust NASDAQ 100 Technology Index Fund Stock Up 0.9 %

The business’s 50 day simple moving average is $195.26 and its 200-day simple moving average is $192.27. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17.

Institutional Trading of First Trust NASDAQ 100 Technology Index Fund

A number of hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC increased its position in First Trust NASDAQ 100 Technology Index Fund by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 13,996 shares of the company’s stock valued at $2,676,000 after acquiring an additional 60 shares during the period. Benjamin Edwards Inc. grew its stake in First Trust NASDAQ 100 Technology Index Fund by 7.9% during the second quarter. Benjamin Edwards Inc. now owns 978 shares of the company’s stock worth $193,000 after purchasing an additional 72 shares during the period. L & S Advisors Inc increased its holdings in First Trust NASDAQ 100 Technology Index Fund by 4.7% in the third quarter. L & S Advisors Inc now owns 1,872 shares of the company’s stock worth $358,000 after purchasing an additional 84 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 2.9% during the 3rd quarter. Sigma Planning Corp now owns 3,097 shares of the company’s stock worth $592,000 after buying an additional 87 shares in the last quarter. Finally, TriaGen Wealth Management LLC grew its holdings in First Trust NASDAQ 100 Technology Index Fund by 0.9% in the third quarter. TriaGen Wealth Management LLC now owns 13,541 shares of the company’s stock worth $2,591,000 after purchasing an additional 117 shares during the period.

About First Trust NASDAQ 100 Technology Index Fund

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.