First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Sets New 12-Month High – What’s Next?

First Trust NASDAQ-100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $99.96 and last traded at $99.65, with a volume of 15554 shares trading hands. The stock had previously closed at $98.80.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Price Performance

The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.45 and a beta of 0.98. The stock’s 50 day simple moving average is $96.73 and its 200-day simple moving average is $95.25.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.1606 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, June 26th.

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

Several institutional investors and hedge funds have recently modified their holdings of QQXT. Raymond James Financial Inc. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the 4th quarter valued at $2,722,000. Susquehanna International Group LLP lifted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 270.2% in the fourth quarter. Susquehanna International Group LLP now owns 24,221 shares of the company’s stock worth $2,255,000 after buying an additional 17,678 shares during the last quarter. Davis Investment Partners LLC acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter worth about $998,000. Royal Bank of Canada lifted its position in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund by 11.2% in the first quarter. Royal Bank of Canada now owns 31,286 shares of the company’s stock worth $2,935,000 after buying an additional 3,147 shares during the last quarter. Finally, Burney Co. acquired a new stake in shares of First Trust NASDAQ-100 Ex-Technology Sector Index Fund in the first quarter worth about $200,000.

First Trust NASDAQ-100 Ex-Technology Sector Index Fund Company Profile

The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) is an exchange-traded fund that is based on the NASDAQ-100 Ex-Tech Sector index. The fund tracks an equal-weighted index of NASDAQ 100 stocks that excludes technology companies. QQXT was launched on Feb 8, 2007 and is managed by First Trust.