First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Reaches New 52-Week High – Time to Buy?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) shares hit a new 52-week high during trading on Monday . The stock traded as high as $133.76 and last traded at $133.48, with a volume of 3966 shares traded. The stock had previously closed at $133.30.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.8 %

The firm’s 50-day moving average price is $128.25 and its two-hundred day moving average price is $124.56. The firm has a market capitalization of $2.01 billion, a PE ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.1298 per share. This represents a $0.52 annualized dividend and a yield of 0.40%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. ORG Partners LLC purchased a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the second quarter valued at approximately $35,000. Signaturefd LLC boosted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 59.9% during the 2nd quarter. Signaturefd LLC now owns 451 shares of the company’s stock valued at $56,000 after buying an additional 169 shares during the period. Assetmark Inc. increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% in the third quarter. Assetmark Inc. now owns 490 shares of the company’s stock worth $61,000 after acquiring an additional 131 shares during the last quarter. Key Financial Inc increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 137.7% in the third quarter. Key Financial Inc now owns 996 shares of the company’s stock worth $125,000 after acquiring an additional 577 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 37.2% during the second quarter. CWM LLC now owns 1,625 shares of the company’s stock worth $200,000 after acquiring an additional 441 shares in 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.