First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Trading Down 0.4% – Here’s What Happened

First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) shares traded down 0.4% during mid-day trading on Thursday . The stock traded as low as $93.60 and last traded at $93.89. 2,458 shares were traded during mid-day trading, a decline of 64% from the average session volume of 6,765 shares. The stock had previously closed at $94.28.

First Trust NASDAQ 100 Ex-Technology Sector Index Fund Trading Down 0.4 %

The stock has a market capitalization of $126.75 million, a P/E ratio of 27.29 and a beta of 0.98. The stock’s 50 day simple moving average is $91.60 and its 200 day simple moving average is $89.52.

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

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.1618 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.65 annualized dividend and a dividend yield of 0.69%.

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

Several institutional investors and hedge funds have recently bought and sold shares of QQXT. International Assets Investment Management LLC acquired a new position in shares of First Trust NASDAQ 100 Ex-Technology Sector Index Fund in the 2nd quarter worth approximately $183,000. Fortune Financial Advisors LLC boosted its holdings in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 11.3% in the second quarter. Fortune Financial Advisors LLC now owns 8,651 shares of the company’s stock worth $762,000 after purchasing an additional 875 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in First Trust NASDAQ 100 Ex-Technology Sector Index Fund by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 34,845 shares of the company’s stock valued at $3,173,000 after purchasing an additional 2,866 shares during the last quarter.

About First Trust NASDAQ 100 Ex-Technology Sector Index Fund

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.