First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Increases Dividend to $0.15 Per Share

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) announced a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.1529 per share on Monday, March 31st. This represents a $0.61 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date is Thursday, March 27th. This is a 17.8% increase from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

QQEW traded down $0.20 during midday trading on Monday, reaching $120.93. 49,891 shares of the company's stock were exchanged, compared to its average volume of 78,668. The business's 50-day moving average price is $128.55 and its 200 day moving average price is $127.83. The stock has a market capitalization of $1.78 billion, a PE ratio of 27.58 and a beta of 1.05. First Trust NASDAQ 100 Equal Weighted Index Fund has a 1-year low of $113.15 and a 1-year high of $136.19.

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.