First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 1-Year High – Here’s What Happened

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) reached a new 52-week high during trading on Monday . The company traded as high as $132.52 and last traded at $132.47, with a volume of 456 shares traded. The stock had previously closed at $130.64.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

The firm has a market cap of $2.02 billion, a PE ratio of 30.27 and a beta of 1.05. The business’s 50 day moving average price is $126.42 and its 200 day moving average price is $123.73.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1298 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.52 dividend on an annualized basis and a yield of 0.39%.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 10.1% during the second quarter. Raymond James & Associates now owns 782,719 shares of the company’s stock worth $96,501,000 after acquiring an additional 71,497 shares during the last quarter. Good Life Advisors LLC boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 103.6% during the third quarter. Good Life Advisors LLC now owns 245,248 shares of the company’s stock worth $30,767,000 after acquiring an additional 124,783 shares during the last quarter. Atlas Private Wealth Advisors boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 109.1% in the 2nd quarter. Atlas Private Wealth Advisors now owns 232,821 shares of the company’s stock valued at $28,711,000 after purchasing an additional 121,483 shares during the last quarter. Gratus Wealth Advisors LLC boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 1.9% in the 3rd quarter. Gratus Wealth Advisors LLC now owns 192,234 shares of the company’s stock valued at $23,924,000 after purchasing an additional 3,579 shares during the last quarter. Finally, Crumly & Associates Inc. boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 3.0% in the 2nd quarter. Crumly & Associates Inc. now owns 133,986 shares of the company’s stock valued at $16,519,000 after purchasing an additional 3,921 shares during the last quarter.

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.