First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 12-Month High - Here's What Happened

Key Points

• The First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) reached a new 12-month high, trading as high as $141.05, with recent trading at $140.29.
• The fund has a market cap of $1.94 billion and a price-to-earnings ratio of 27.18, indicating its stock performance among institutional investors.
• Several institutional investors have recently adjusted their stakes in QQEW, with notable increases from B. Riley Wealth Advisors, which raised its stake by 4.8% last quarter.

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW - ) reached a new 52-week high during trading on Wednesday . The company traded as high as $141.05 and last traded at $140.29, with a volume of 46654 shares traded. The stock had previously closed at $140.72.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Down 0.3%

The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 27.18 and a beta of 1.05. The firm's 50-day moving average is $137.16 and its two-hundred day moving average is $130.19.

Institutional Trading of First Trust NASDAQ-100 Equal Weighted Index Fund

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 4.8% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,636 shares of the company's stock valued at $2,704,000 after purchasing an additional 984 shares during the last quarter. Centaurus Financial Inc. grew its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 1.6% during the fourth quarter. Centaurus Financial Inc. now owns 5,681 shares of the company's stock worth $710,000 after buying an additional 89 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 9,873 shares of the company's stock worth $1,234,000 after buying an additional 495 shares in the last quarter. Park National Corp OH raised its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 95.6% in the first quarter. Park National Corp OH now owns 7,671 shares of the company's stock valued at $928,000 after buying an additional 3,750 shares during the last quarter. Finally, NBC Securities Inc. purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter worth about $95,000.

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.

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