First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Up 0.5%

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Rating)’s share price was up 0.5% on Monday . The company traded as high as $101.15 and last traded at $100.93. Approximately 71,818 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 149,294 shares. The stock had previously closed at $100.43.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

The firm has a market capitalization of $1.49 billion, a PE ratio of 22.19 and a beta of 1.05. The business’s 50 day moving average is $98.18 and its two-hundred day moving average is $95.31.

First Trust NASDAQ-100 Equal Weighted Index Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Monday, March 27th were paid a $0.182 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 0.72%. This is a positive change from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Raleigh Capital Management Inc. purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at $40,000. B. Riley Wealth Advisors Inc. grew its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 14.9% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,641 shares of the company’s stock valued at $1,071,000 after purchasing an additional 1,382 shares in the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at $207,000. Total Investment Management Inc. grew its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 14,923.2% during the 1st quarter. Total Investment Management Inc. now owns 559,312 shares of the company’s stock valued at $56,295,000 after purchasing an additional 555,589 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at $873,000.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(Get Rating)

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.