First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 12-Month High - Should You Buy?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $138.84 and last traded at $138.84, with a volume of 14095 shares traded. The stock had previously closed at $137.64.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

The company's 50-day moving average price is $133.60 and its two-hundred day moving average price is $127.84. The company has a market capitalization of $1.91 billion, a P/E ratio of 27.18 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.13 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.52 annualized dividend and a dividend yield of 0.38%.

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

Large investors have recently bought and sold shares of the company. CX Institutional boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 17.7% in the 2nd quarter. CX Institutional now owns 93,971 shares of the company's stock valued at $12,826,000 after purchasing an additional 14,112 shares in the last quarter. AdvisorNet Financial Inc raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 1,666.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 954 shares of the company's stock valued at $130,000 after buying an additional 900 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 6.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 10,951 shares of the company's stock valued at $1,516,000 after buying an additional 631 shares during the last quarter. Park National Corp OH raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 11.3% in the 2nd quarter. Park National Corp OH now owns 8,541 shares of the company's stock valued at $1,166,000 after buying an additional 870 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% in the 1st quarter. Jane Street Group LLC now owns 11,232 shares of the company's stock valued at $1,358,000 after buying an additional 2,531 shares during the last quarter.

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.

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