First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume – What’s Next?

Posted by Teresa Graham on Sep 1st, 2026

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) shares saw an uptick in trading volume on Tuesday . 222,099 shares traded hands during mid-day trading, an increase of 360% from the previous session’s volume of 48,306 shares.The stock last traded at $162.1250 and had previously closed at $165.12.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Down 1.9%

The firm has a fifty day simple moving average of $158.94 and a 200-day simple moving average of $146.23. The company has a market cap of $1.82 billion, a PE ratio of 27.18 and a beta of 1.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in QQEW. Jane Street Group LLC lifted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% in the first quarter. Jane Street Group LLC now owns 11,232 shares of the company’s stock valued at $1,358,000 after buying an additional 2,531 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 4.7% during the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock worth $3,084,000 after acquiring an additional 1,011 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter worth approximately $6,684,000. Ausdal Financial Partners Inc. increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.6% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 9,719 shares of the company’s stock valued at $1,327,000 after acquiring an additional 338 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 100.0% in the 2nd quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $13,649,000 after acquiring an additional 50,000 shares during the period.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(Get Free Report)

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.