First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 52-Week High - What's Next?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $141.55 and last traded at $141.26, with a volume of 54155 shares. The stock had previously closed at $140.37.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 0.6%

The stock has a 50 day simple moving average of $137.37 and a 200-day simple moving average of $130.77. The firm has a market cap of $1.95 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be paid a $0.1077 dividend. The ex-dividend date of this dividend is Thursday, September 25th. This represents a $0.43 dividend on an annualized basis and a yield of 0.3%.

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

Large investors have recently added to or reduced their stakes in the company. Per Stirling Capital Management LLC. raised its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 2.2% during the second quarter. Per Stirling Capital Management LLC. now owns 3,797 shares of the company's stock valued at $518,000 after acquiring an additional 83 shares in the last quarter. Centaurus Financial Inc. increased its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 1.8% in the second quarter. Centaurus Financial Inc. now owns 5,911 shares of the company's stock valued at $807,000 after buying an additional 104 shares in the last quarter. Secure Asset Management LLC increased its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 0.8% in the first quarter. Secure Asset Management LLC now owns 13,665 shares of the company's stock valued at $1,653,000 after buying an additional 112 shares in the last quarter. Benjamin Edwards Inc. increased its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 0.9% in the first quarter. Benjamin Edwards Inc. now owns 12,985 shares of the company's stock valued at $1,570,000 after buying an additional 118 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 1.1% in the second quarter. Stratos Wealth Partners LTD. now owns 11,005 shares of the company's stock worth $1,502,000 after acquiring an additional 124 shares during 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.

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