QTEC Stock Summary and Trading Ideas (First Trust Nasdaq-100-Technology Sector | NASDAQ:QTEC)

The First Trust NASDAQ-100-Technology Sector Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Technology Sector Index.

First Trust Nasdaq-100-Technology Sector trades on the NASDAQ stock market under the symbol QTEC.

As of March 3, 2025, QTEC stock price declined to $186.39 with 249,870 million shares trading.

QTEC has a beta of 1.75, meaning it tends to be more sensitive to market movements. QTEC has a correlation of 0.80 to the broad based SPY ETF.

QTEC has a market cap of $3.67 billion. This is considered a Mid Cap stock.

In the last 3 years, QTEC traded as high as $211.25 and as low as $95.23.

QTEC has underperformed the market in the last year with a price return of -0.8% while the SPY ETF gained +16.7%. QTEC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -4.3% and -10.3%, respectively, while the SPY returned -2.2% and -4.3%, respectively.

QTEC support price is $187.20 and resistance is $193.62 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QTEC shares will trade within this expected range on the day.