First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Sees Large Volume Increase

First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) shares saw strong trading volume on Wednesday . 83,738 shares traded hands during trading, a decline of 23% from the previous session’s volume of 109,066 shares.The stock last traded at $182.14 and had previously closed at $183.27.

First Trust NASDAQ 100 Technology Index Fund Stock Down 0.4 %

The stock has a fifty day moving average price of $190.28 and a two-hundred day moving average price of $189.33. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17.

First Trust NASDAQ 100 Technology Index Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.0342 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from First Trust NASDAQ 100 Technology Index Fund’s previous quarterly dividend of $0.03. This represents a $0.14 annualized dividend and a dividend yield of 0.08%.

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

Institutional investors have recently made changes to their positions in the stock. Patriot Financial Group Insurance Agency LLC increased its holdings in First Trust NASDAQ 100 Technology Index Fund by 1.4% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 4,022 shares of the company’s stock valued at $794,000 after buying an additional 55 shares during the period. Sunbelt Securities Inc. increased its stake in First Trust NASDAQ 100 Technology Index Fund by 3.3% in the first quarter. Sunbelt Securities Inc. now owns 2,176 shares of the company’s stock valued at $415,000 after acquiring an additional 69 shares during the last quarter. Benjamin Edwards Inc. raised its position 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 valued at $193,000 after purchasing an additional 72 shares in the last quarter. Clear Creek Financial Management LLC lifted its stake in First Trust NASDAQ 100 Technology Index Fund by 5.5% during the second quarter. Clear Creek Financial Management LLC now owns 1,673 shares of the company’s stock worth $330,000 after purchasing an additional 87 shares during the last quarter. Finally, Kesler Norman & Wride LLC boosted its holdings in shares of First Trust NASDAQ 100 Technology Index Fund by 1.5% in the 1st quarter. Kesler Norman & Wride LLC now owns 6,404 shares of the company’s stock valued at $1,221,000 after purchasing an additional 97 shares in 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.