First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume – Time to Buy?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw strong trading volume on Thursday . 153,432 shares were traded during trading, an increase of 136% from the previous session’s volume of 65,029 shares.The stock last traded at $134.30 and had previously closed at $136.00.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 2.0 %

The business’s fifty day moving average is $129.54 and its 200 day moving average is $127.02. The company has a market cap of $1.93 billion, a P/E ratio of 28.27 and a beta of 1.03.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

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

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in QQEW. World Investment Advisors LLC raised its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% in the third quarter. World Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $489,000 after purchasing an additional 104 shares during the period. Barrett & Company Inc. boosted its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% in the third quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock worth $585,000 after acquiring an additional 106 shares during the period. Gateway Wealth Partners LLC raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 1.1% during the 4th quarter. Gateway Wealth Partners LLC now owns 11,298 shares of the company’s stock valued at $1,412,000 after purchasing an additional 123 shares during the period. Cozad Asset Management Inc. raised its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 0.5% during the 3rd quarter. Cozad Asset Management Inc. now owns 25,879 shares of the company’s stock valued at $3,247,000 after purchasing an additional 124 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 6.0% during the 3rd quarter. GSA Capital Partners LLP now owns 2,287 shares of the company’s stock worth $287,000 after purchasing an additional 130 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.