First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Down 0.2% – Should You Sell?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) dropped 0.2% during trading on Monday . The stock traded as low as $128.65 and last traded at $130.61. Approximately 45,878 shares were traded during mid-day trading, a decline of 22% from the average daily volume of 58,761 shares. The stock had previously closed at $130.92.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Up 1.1 %

The company has a market capitalization of $1.95 billion, a P/E ratio of 30.27 and a beta of 1.05. The firm has a fifty day moving average of $129.08 and a 200 day moving average of $125.96.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.1439 per share. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SRS Capital Advisors Inc. increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 136.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,608 shares of the company’s stock valued at $201,000 after purchasing an additional 928 shares during the last quarter. Kovack Advisors Inc. bought a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $296,000. Whipplewood Advisors LLC purchased a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $83,000. Quartz Partners LLC raised its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 10.6% in the fourth quarter. Quartz Partners LLC now owns 2,447 shares of the company’s stock worth $306,000 after acquiring an additional 235 shares during the period. Finally, WESPAC Advisors LLC purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth $819,000.

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.