First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Trading 0.1% Higher - Here's What Happened

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) traded up 0.1% during trading on Wednesday . The company traded as high as $122.03 and last traded at $121.62. 70,062 shares were traded during mid-day trading, a decline of 28% from the average session volume of 97,266 shares. The stock had previously closed at $121.51.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.2 %

The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.61 and a beta of 1.05. The firm's 50 day moving average is $120.40 and its 200 day moving average is $126.24.

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. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1529 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is a positive change from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13. This represents a $0.61 annualized dividend and a dividend yield of 0.49%.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth about $31,000. Pineridge Advisors LLC purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the first quarter worth approximately $32,000. Barclays PLC acquired a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $50,000. Hughes Financial Services LLC purchased a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 1st quarter valued at approximately $66,000. Finally, Avior Wealth Management LLC acquired a new position in First Trust NASDAQ 100 Equal Weighted Index Fund in the 4th quarter worth approximately $69,000.

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.