First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Down 0.3% – Time to Sell?

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) were down 0.3% during mid-day trading on Wednesday . The stock traded as low as $143.65 and last traded at $143.8950. Approximately 24,960 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 44,453 shares. The stock had previously closed at $144.34.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

The company has a fifty day moving average price of $142.49 and a two-hundred day moving average price of $140.36. The company has a market cap of $1.90 billion, a P/E ratio of 27.18 and a beta of 1.08.

First Trust NASDAQ-100 Equal Weighted Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1878 per share. This represents a $0.75 dividend on an annualized basis and a yield of 0.5%. This is a positive change from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

A number of institutional investors have recently made changes to their positions in the company. Moneta Group Investment Advisors LLC boosted its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 2.2% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 3,437 shares of the company’s stock valued at $485,000 after purchasing an additional 74 shares during the period. Silver Oak Securities Incorporated increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.0% during the third quarter. Silver Oak Securities Incorporated now owns 2,550 shares of the company’s stock worth $360,000 after purchasing an additional 75 shares during the period. Smith Moore & CO. raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 4.5% in the fourth quarter. Smith Moore & CO. now owns 1,871 shares of the company’s stock valued at $266,000 after buying an additional 81 shares in the last quarter. Per Stirling Capital Management LLC. boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 2.2% in the second quarter. Per Stirling Capital Management LLC. now owns 3,797 shares of the company’s stock valued at $518,000 after buying an additional 83 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 11.1% in the fourth quarter. Signaturefd LLC now owns 997 shares of the company’s stock valued at $142,000 after buying an additional 100 shares during the period.

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.