First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Volume Increase - Should You Buy?

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) saw strong trading volume on Wednesday . 101,664 shares changed hands during trading, an increase of 13% from the previous session's volume of 89,818 shares.The stock last traded at $108.17 and had previously closed at $106.81.

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

The company has a 50 day moving average price of $125.01 and a 200-day moving average price of $127.06. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 27.58 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The firm also recently declared 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 represents a $0.61 annualized dividend and a dividend yield of 0.53%. This is an increase from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Institutional investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth about $31,000. Barclays PLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the fourth quarter worth approximately $50,000. Avior Wealth Management LLC bought a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund in the fourth quarter valued at approximately $69,000. CIBC Private Wealth Group LLC acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter valued at approximately $72,000. Finally, Whipplewood Advisors LLC acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter valued at approximately $83,000.

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.