First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Trading 1% Higher

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) rose 1% during mid-day trading on Thursday . The company traded as high as $122.27 and last traded at $121.97. Approximately 44,660 shares traded hands during trading, a decline of 68% from the average daily volume of 141,478 shares. The stock had previously closed at $120.71.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Up 1.0 %

The firm has a market cap of $2.15 billion, a P/E ratio of 22.19 and a beta of 1.05. The company's 50-day moving average is $122.07 and its two-hundred day moving average is $114.18.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.2153 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.86 annualized dividend and a dividend yield of 0.71%.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

A number of hedge funds have recently bought and sold shares of QQEW. Bank of New York Mellon Corp purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 1st quarter worth about $296,000. Founders Financial Securities LLC bought a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 1st quarter valued at approximately $410,000. Flow Traders U.S. LLC increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 124.4% during the 1st quarter. Flow Traders U.S. LLC now owns 5,545 shares of the company's stock worth $595,000 after purchasing an additional 3,074 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the first quarter valued at $3,553,000. Finally, Goldman Sachs Group Inc. increased its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 53.3% in the first quarter. Goldman Sachs Group Inc. now owns 48,146 shares of the company's stock worth $5,165,000 after buying an additional 16,744 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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