First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 1-Year High – Here’s Why

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) reached a new 52-week high on Monday . The company traded as high as $132.63 and last traded at $132.53, with a volume of 21301 shares trading hands. The stock had previously closed at $131.51.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The company has a 50-day simple moving average of $127.20 and a 200-day simple moving average of $124.09. The stock has a market cap of $2.03 billion, a P/E ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a $0.1298 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.39%. The ex-dividend date was Thursday, September 26th.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ORG Partners LLC acquired a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 2nd quarter valued at approximately $35,000. Signaturefd LLC increased its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 59.9% in the second quarter. Signaturefd LLC now owns 451 shares of the company’s stock valued at $56,000 after purchasing an additional 169 shares in the last quarter. Assetmark Inc. raised its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% in the third quarter. Assetmark Inc. now owns 490 shares of the company’s stock worth $61,000 after purchasing an additional 131 shares during the period. Key Financial Inc boosted its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 137.7% during the third quarter. Key Financial Inc now owns 996 shares of the company’s stock worth $125,000 after purchasing an additional 577 shares in the last quarter. Finally, CWM LLC increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 37.2% in the 2nd quarter. CWM LLC now owns 1,625 shares of the company’s stock valued at $200,000 after buying an additional 441 shares in the last quarter.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

The First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) is an exchange-traded fund that is based on the NASDAQ-100 Equally Weighted index. The fund tracks an equal-weighted version of the NASDAQ 100. QQEW was launched on Apr 19, 2006 and is managed by First Trust.