First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 12-Month High – What’s Next?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) shares reached a new 52-week high during trading on Friday . The stock traded as high as $127.85 and last traded at $127.85, with a volume of 10160 shares changing hands. The stock had previously closed at $126.71.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The firm has a 50 day simple moving average of $122.53 and a two-hundred day simple moving average of $122.08. The stock has a market cap of $1.97 billion, a P/E ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a dividend of $0.1298 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, September 26th.

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

Several large investors have recently bought and sold shares of QQEW. ORG Partners LLC acquired a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 2nd quarter worth approximately $35,000. Signaturefd LLC raised its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 59.9% during the second quarter. Signaturefd LLC now owns 451 shares of the company’s stock worth $56,000 after purchasing an additional 169 shares in the last quarter. Global Trust Asset Management LLC lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 9.8% in the first quarter. Global Trust Asset Management LLC now owns 1,065 shares of the company’s stock worth $132,000 after purchasing an additional 95 shares during the period. Manchester Capital Management LLC boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 10.0% during the 1st quarter. Manchester Capital Management LLC now owns 1,100 shares of the company’s stock valued at $136,000 after purchasing an additional 100 shares in the last quarter. Finally, CWM LLC increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 37.2% during the 2nd quarter. CWM LLC now owns 1,625 shares of the company’s stock valued at $200,000 after purchasing an additional 441 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.