First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Down 1.5% – Should You Sell?

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT)’s share price dropped 1.5% on Tuesday . The company traded as low as $93.18 and last traded at $93.40. Approximately 4,218 shares traded hands during trading, an increase of 14% from the average daily volume of 3,698 shares. The stock had previously closed at $94.87.

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

The firm has a market cap of $107.41 million, a P/E ratio of 25.24 and a beta of 0.98. The firm has a fifty day moving average of $96.39 and a 200-day moving average of $95.00.

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

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.2056 per share. The ex-dividend date was Friday, December 13th.

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

Several hedge funds have recently bought and sold shares of QQXT. Commonwealth Equity Services LLC grew its position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 6,363 shares of the company’s stock worth $593,000 after purchasing an additional 215 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 72.4% during the fourth quarter. Jones Financial Companies Lllp now owns 905 shares of the company’s stock worth $84,000 after buying an additional 380 shares during the period. Bank of America Corp DE boosted its position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 4.5% during the fourth quarter. Bank of America Corp DE now owns 10,632 shares of the company’s stock worth $990,000 after buying an additional 453 shares during the period. EP Wealth Advisors LLC bought a new position in First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the 4th quarter worth approximately $112,000. Finally, Kraft Davis & Associates LLC acquired a new stake in First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the 3rd quarter valued at approximately $201,000.

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.