First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) Trading Up 1.9% – Time to Buy?

Shares of First Trust NASDAQ 100 Technology Index Fund (NASDAQ:QTEC) were up 1.9% during mid-day trading on Monday . The stock traded as high as $197.26 and last traded at $196.63. Approximately 128,191 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 165,699 shares. The stock had previously closed at $193.02.

First Trust NASDAQ 100 Technology Index Fund Trading Up 1.1 %

The company has a market cap of $4.03 billion, a price-to-earnings ratio of 35.60 and a beta of 1.17. The firm’s fifty day moving average price is $195.00 and its 200-day moving average price is $191.54.

Hedge Funds Weigh In On First Trust NASDAQ 100 Technology Index Fund

Large investors have recently added to or reduced their stakes in the company. Pacifica Partners Inc. bought a new stake in First Trust NASDAQ 100 Technology Index Fund in the 3rd quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter worth approximately $30,000. ORG Wealth Partners LLC acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter worth approximately $39,000. Wilmington Savings Fund Society FSB acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter worth approximately $91,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of First Trust NASDAQ 100 Technology Index Fund during the 3rd quarter worth approximately $91,000.

About First Trust NASDAQ 100 Technology Index Fund

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.