First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Down 1.5% - Here's What Happened

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) fell 1.5% during mid-day trading on Friday . The company traded as low as $131.68 and last traded at $131.85. 68,407 shares were traded during trading, a decline of 23% from the average session volume of 89,255 shares. The stock had previously closed at $133.90.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 1.4%

The company has a market capitalization of $1.90 billion, a PE ratio of 26.66 and a beta of 1.05. The stock has a fifty day simple moving average of $125.54 and a 200-day simple moving average of $126.72.

First Trust NASDAQ-100 Equal Weighted Index Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.1529 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.46%. This is a positive change from First Trust NASDAQ-100 Equal Weighted Index Fund's previous quarterly dividend of $0.13.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Pineridge Advisors LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter worth approximately $32,000. Barclays PLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the fourth quarter valued at $50,000. Hughes Financial Services LLC acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter valued at about $66,000. CIBC Private Wealth Group LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter worth approximately $72,000. Finally, Whipplewood Advisors LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 4th quarter valued at $83,000.

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.