First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Volume Increase - What's Next?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) shares saw an uptick in trading volume on Tuesday . 149,400 shares traded hands during trading, an increase of 99% from the previous session's volume of 75,257 shares.The stock last traded at $121.52 and had previously closed at $122.22.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

The company has a market capitalization of $1.75 billion, a PE ratio of 26.92 and a beta of 1.05. The stock has a 50-day simple moving average of $129.40 and a 200 day simple moving average of $127.63.

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

Large investors have recently added to or reduced their stakes in the business. Plotkin Financial Advisors LLC purchased a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the third quarter valued at about $842,000. Thrivent Financial for Lutherans grew its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 8.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,978 shares of the company's stock valued at $1,879,000 after buying an additional 1,134 shares during the last quarter. Elios Financial Group Inc. purchased a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the third quarter worth $5,750,000. PNC Financial Services Group Inc. raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.9% in the third quarter. PNC Financial Services Group Inc. now owns 37,986 shares of the company's stock worth $4,765,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the third quarter valued at $364,000.

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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.