First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 12-Month High at $124.89

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) hit a new 52-week high during trading on Friday . The company traded as high as $124.89 and last traded at $124.79, with a volume of 14609 shares. The stock had previously closed at $124.30.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05. The business’s fifty day simple moving average is $121.89 and its 200 day simple moving average is $120.58.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were given a $0.2243 dividend. This represents a $0.90 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend was Thursday, June 27th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter valued at about $45,000. Key Financial Inc bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter valued at about $49,000. YHB Investment Advisors Inc. bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 1st quarter valued at about $62,000. Mark Sheptoff Financial Planning LLC grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 625.0% in the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 580 shares of the company’s stock worth $68,000 after purchasing an additional 500 shares during the last quarter. Finally, Global Trust Asset Management LLC increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2,055.6% in the fourth quarter. Global Trust Asset Management LLC now owns 970 shares of the company’s stock valued at $114,000 after purchasing an additional 925 shares during the period.

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.