First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Up 0.8%

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW)’s stock price shot up 0.8% during trading on Friday . The stock traded as high as $123.17 and last traded at $123.01. 40,302 shares traded hands during mid-day trading, a decline of 60% from the average session volume of 101,946 shares. The stock had previously closed at $122.03.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The firm has a market cap of $2.02 billion, a P/E ratio of 30.27 and a beta of 1.05. The firm’s fifty day moving average price is $121.95 and its 200 day moving average price is $121.81.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2243 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.90 annualized dividend and a dividend yield of 0.73%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Corient Private Wealth LLC bought a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth approximately $8,152,000. Janney Montgomery Scott LLC raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 131.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 18,813 shares of the company’s stock worth $2,210,000 after acquiring an additional 10,695 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 32.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 142,267 shares of the company’s stock worth $16,709,000 after acquiring an additional 34,761 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 1.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 37,840 shares of the company’s stock worth $4,444,000 after acquiring an additional 380 shares in the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 229.4% during the 4th quarter. D.A. Davidson & CO. now owns 31,680 shares of the company’s stock worth $3,721,000 after acquiring an additional 22,062 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.