First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Trading 0.3% Higher - Here's What Happened

Key Points

• The First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) saw a share price increase of 0.3% during mid-day trading, reaching $136.54, despite a significant decline in volume.
• The fund recently declared a quarterly dividend of $0.13, which equates to an annualized yield of 0.4%.
• Several institutional investors, including Pineridge Advisors LLC and Ameritas Advisory Services LLC, have recently purchased stakes in the fund, indicating growing interest.

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW - )'s share price traded up 0.3% during mid-day trading on Monday . The company traded as high as $136.59 and last traded at $136.54. 29,001 shares were traded during mid-day trading, a decline of 62% from the average session volume of 75,532 shares. The stock had previously closed at $136.09.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance

The business's 50 day moving average price is $136.93 and its 200-day moving average price is $129.41. The firm has a market capitalization of $1.88 billion, a PE ratio of 27.18 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 26th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Pineridge Advisors LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth about $32,000. MTM Investment Management LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter worth about $41,000. Barclays PLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the fourth quarter worth about $50,000. Hughes Financial Services LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth about $66,000. Finally, Ameritas Advisory Services LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter worth about $74,000.

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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