First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Trading Down 0.7% – What’s Next?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) traded down 0.7% during mid-day trading on Thursday . The stock traded as low as $132.16 and last traded at $132.80. 32,924 shares were traded during mid-day trading, a decline of 32% from the average session volume of 48,749 shares. The stock had previously closed at $133.76.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

The firm has a 50-day simple moving average of $140.22 and a 200 day simple moving average of $139.97. The company has a market capitalization of $1.75 billion, a PE ratio of 27.18 and a beta of 1.08.

First Trust NASDAQ-100 Equal Weighted Index Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.1878 per share. This represents a $0.75 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.11.

Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Avalon Trust Co purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter valued at approximately $32,000. Hazlett Burt & Watson Inc. grew its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock valued at $33,000 after purchasing an additional 100 shares in the last quarter. MTM Investment Management LLC acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 2nd quarter valued at $41,000. Qube Research & Technologies Ltd purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter worth $41,000. Finally, Sound Income Strategies LLC acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter worth $45,000.

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.