First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Down 0.3% – What’s Next?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW)’s share price traded down 0.3% during trading on Friday . The company traded as low as $136.33 and last traded at $136.45. 41,938 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 78,062 shares. The stock had previously closed at $136.82.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

The stock has a fifty day moving average price of $136.13 and a 200 day moving average price of $129.11. The stock has a market capitalization of $1.88 billion, a P/E ratio of 27.18 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 26th.

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

A number of large investors have recently made changes to their positions in QQEW. Royal Bank of Canada boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 14.9% during the first quarter. Royal Bank of Canada now owns 327,810 shares of the company’s stock valued at $39,642,000 after buying an additional 42,618 shares during the period. Gratus Wealth Advisors LLC boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 0.3% during the second quarter. Gratus Wealth Advisors LLC now owns 263,176 shares of the company’s stock valued at $35,921,000 after buying an additional 819 shares during the period. Stifel Financial Corp boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 5.6% during the fourth quarter. Stifel Financial Corp now owns 141,390 shares of the company’s stock valued at $17,671,000 after buying an additional 7,518 shares during the period. Good Life Advisors LLC boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 3.0% during the second quarter. Good Life Advisors LLC now owns 129,137 shares of the company’s stock valued at $17,626,000 after buying an additional 3,754 shares during the period. Finally, JP Wealth Management Inc. boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 5.5% during the first quarter. JP Wealth Management Inc. now owns 127,134 shares of the company’s stock valued at $15,374,000 after buying an additional 6,592 shares during the period.

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.