First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume - Should You Buy?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 292,942 shares were traded during mid-day trading, an increase of 271% from the previous session's volume of 79,004 shares.The stock last traded at $117.44 and had previously closed at $122.62.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The firm has a fifty day moving average of $126.17 and a 200 day moving average of $127.30. The firm has a market capitalization of $1.56 billion, a PE ratio of 27.58 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1529 per share. This is a boost from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13. This represents a $0.61 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, March 27th.

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

A number of large investors have recently added to or reduced their stakes in the company. Park National Corp OH boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 95.6% in the 1st quarter. Park National Corp OH now owns 7,671 shares of the company's stock valued at $928,000 after buying an additional 3,750 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 5.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 9,873 shares of the company's stock worth $1,234,000 after purchasing an additional 495 shares during the last quarter. Centaurus Financial Inc. raised its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 1.6% in the 4th quarter. Centaurus Financial Inc. now owns 5,681 shares of the company's stock valued at $710,000 after purchasing an additional 89 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 4.8% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 21,636 shares of the company's stock valued at $2,704,000 after buying an additional 984 shares during the last quarter. Finally, GTS Securities LLC boosted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 56.6% during the 4th quarter. GTS Securities LLC now owns 72,445 shares of the company's stock valued at $9,041,000 after buying an additional 26,179 shares during the last quarter.

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.