First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Volume Increase

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) shares saw unusually-high trading volume on Monday . Approximately 61,990 shares were traded during trading, a decline of 53% from the previous session’s volume of 130,922 shares.The stock last traded at $119.09 and had previously closed at $118.78.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 0.6 %

The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 29.27 and a beta of 1.19. The stock’s 50 day moving average is $121.38 and its two-hundred day moving average is $115.39.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were issued a dividend of $0.2153 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.86 annualized dividend and a yield of 0.72%.

Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

Several hedge funds have recently modified their holdings of the stock. Global Trust Asset Management LLC boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 9.8% in the first quarter. Global Trust Asset Management LLC now owns 1,065 shares of the company’s stock worth $132,000 after acquiring an additional 95 shares during the last quarter. Barrett & Company Inc. raised its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.5% during the third quarter. Barrett & Company Inc. now owns 4,084 shares of the company’s stock valued at $425,000 after purchasing an additional 100 shares during the period. Stephens Inc. AR raised its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 0.8% during the fourth quarter. Stephens Inc. AR now owns 13,173 shares of the company’s stock valued at $1,547,000 after purchasing an additional 100 shares during the period. Ergawealth Advisors Inc. increased its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.4% in the fourth quarter. Ergawealth Advisors Inc. now owns 4,974 shares of the company’s stock worth $584,000 after buying an additional 116 shares during the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 1.6% in the third quarter. D.A. Davidson & CO. now owns 9,618 shares of the company’s stock worth $1,000,000 after buying an additional 151 shares during the last quarter.

About First Trust NASDAQ-100 Equal Weighted Index Fund

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.