First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Stock Price Down 0.2% – Time to Sell?

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) was down 0.2% during mid-day trading on Tuesday . The stock traded as low as $199.02 and last traded at $199.59. Approximately 82,549 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 112,674 shares. The stock had previously closed at $200.05.

First Trust NASDAQ 100 Technology Index Fund Stock Down 0.2 %

The firm’s fifty day moving average price is $193.40 and its two-hundred day moving average price is $191.37. The stock has a market capitalization of $4.07 billion, a PE ratio of 35.60 and a beta of 1.17.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in QTEC. International Assets Investment Management LLC raised its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 22,919.1% during the third quarter. International Assets Investment Management LLC now owns 2,726,386 shares of the company’s stock valued at $521,585,000 after purchasing an additional 2,714,542 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund in the third quarter worth approximately $19,131,000. Virtu Financial LLC bought a new position in shares of First Trust NASDAQ 100 Technology Index Fund in the third quarter worth approximately $15,358,000. EP Wealth Advisors LLC boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 3,689.9% in the third quarter. EP Wealth Advisors LLC now owns 79,739 shares of the company’s stock worth $15,255,000 after purchasing an additional 77,635 shares during the period. Finally, Benjamin Edwards Inc. boosted its position in shares of First Trust NASDAQ 100 Technology Index Fund by 7,392.0% during the third quarter. Benjamin Edwards Inc. now owns 73,272 shares of the company’s stock worth $14,022,000 after acquiring an additional 72,294 shares during the last quarter.

First Trust NASDAQ 100 Technology 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.