First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) Shares Down 1.5% - Here's Why

The First Trust NASDAQ 100 Ex-Technology Sector Index Fund (NASDAQ:QQXT) experienced a decline of 1.5% during trading on Tuesday. The stock fell to a low of $93.18 before settling at $93.40. During the trading session, about 4,218 shares changed hands, marking a 14% increase from its average daily volume of 3,698 shares. It had previously closed at $94.87.

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

The current fifty-day simple moving average stands at $96.39, while the two-hundred-day simple moving average is reported at $95.00. The fund holds a market capitalization of $107.41 million, with a price-to-earnings ratio of 25.24 and a beta value of 0.98, indicating a slightly lower volatility compared to the market.

Dividend Announcement from First Trust NASDAQ 100 Ex-Technology Sector Index Fund

Recently, the fund declared a dividend, which was distributed on Tuesday, December 31st. Shareholders who were on record as of Friday, December 13th received a dividend payment of $0.2056. The ex-dividend date was also set on December 13th.

Institutional Trading Activities

Several institutional investors and hedge funds have recently engaged in buying and selling shares of QQXT. In the fourth quarter, Jones Financial Companies Lllp expanded its holdings by 72.4%, bringing its total to 905 shares valued at $84,000 after acquiring an additional 380 shares. EP Wealth Advisors LLC entered the picture with a new investment worth $112,000 during the same period. In the third quarter, Kraft Davis & Associates LLC purchased shares valued at $201,000, while Jane Street Group LLC also took positions in QQXT worth $311,000. Furthermore, Commonwealth Equity Services LLC increased its holdings by 3.5%, now totaling 6,363 shares valued at $593,000 after a purchase of 215 additional shares.

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 designed to track the NASDAQ-100 Ex-Tech Sector index. This fund follows an equal-weighted index of stocks from the NASDAQ 100 that are not classified within the technology sector. QQXT has been managed by First Trust since its launch on February 8, 2007.

Considerations for Investors

Before investing in the First Trust NASDAQ 100 Ex-Technology Sector Index Fund, potential investors may want to consider some insights from Wall Street analysts. Current evaluations suggest that while QQXT holds a "Hold" rating, several top-rated analysts have identified five other stocks that they believe could be better investment opportunities.

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