Technology sector

First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) expects dividend increase – $0.02 per share

First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC – Get Rating) declared a quarterly dividend on Thursday, June 23, Zacks reports. Investors of record on Monday, June 27 will receive a dividend of 0.024 per share on Thursday, June 30. This represents a dividend of $0.10 on an annualized basis and a yield of 0.08%. The ex-dividend date is Friday, June 24. This is a boost from the First Trust NASDAQ-100-Technology Sector Index Fund’s previous quarterly dividend of $0.01.

QTEC shares opened at $122.72 on Friday. The stock has a 50-day moving average price of $125.58 and a 200-day moving average price of $145.22. The First Trust NASDAQ-100-Technology Sector Index Fund has a 52 week low of $110.00 and a 52 week high of $181.83.

Hedge funds have recently been buying and selling shares of the company. Brown Brothers Harriman & Co. acquired a new stake in shares of the First Trust NASDAQ-100-Technology Sector Index Fund in the first quarter, valued at approximately $43,000. Equitable Holdings Inc. acquired a new stake in shares of the First Trust NASDAQ-100-Technology Sector Index Fund in the first quarter, valued at approximately $285,000. First Republic Investment Management Inc. increased its holdings of First Trust NASDAQ-100-Technology Sector Index Fund shares by 3.0% in the first quarter. First Republic Investment Management Inc. now owns 9,511 shares of the company valued at $1,450,000 after acquiring 277 additional shares during the period. Cetera Investment Advisers increased its holdings of First Trust NASDAQ-100-Technology Sector Index Fund shares by 7.2% in the first quarter. Cetera Investment Advisers now owns 17,200 shares of the company valued at $2,623,000 after acquiring an additional 1,155 shares during the period. Finally, Atria Wealth Solutions Inc. acquired a new equity stake in the First Trust NASDAQ-100-Technology Sector Index Fund in the first quarter, valued at approximately $2,802,000.

See also

First Trust NASDAQ-100-Technology Sector Index Fund (NASDAQ:QTEC) Dividend History

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