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

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW)’s share price reached a new 52-week high on Monday . The company 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 0.4 %

The stock has a fifty day moving average price of $127.97 and a 200-day moving average price of $124.43. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. World Investment Advisors LLC increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% during the third quarter. World Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $489,000 after acquiring an additional 104 shares during the last quarter. MML Investors Services LLC boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 6.6% during the 3rd quarter. MML Investors Services LLC now owns 64,538 shares of the company’s stock valued at $8,096,000 after acquiring an additional 4,011 shares during the last quarter. Stifel Financial Corp boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 3.0% during the 3rd quarter. Stifel Financial Corp now owns 133,872 shares of the company’s stock valued at $16,795,000 after acquiring an additional 3,860 shares during the last quarter. IronBridge Private Wealth LLC acquired a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the 3rd quarter worth $2,042,000. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 3rd quarter valued at about $1,625,000.

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.