First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 52-Week Low - Time to Sell?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $112.51 and last traded at $112.61, with a volume of 28464 shares changing hands. The stock had previously closed at $116.66.

First Trust NASDAQ 100 Equal Weighted Index Fund Price Performance

The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 27.58 and a beta of 1.05. The firm's fifty day moving average price is $126.17 and its two-hundred day moving average price is $127.30.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1529 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.61 annualized dividend and a yield of 0.53%. This is a positive change from First Trust NASDAQ 100 Equal Weighted Index Fund's previous quarterly dividend of $0.13.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC increased its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 12.0% during the 3rd quarter. FMR LLC now owns 3,666 shares of the company's stock valued at $460,000 after purchasing an additional 393 shares in the last quarter. Stifel Financial Corp increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 3.0% during the third quarter. Stifel Financial Corp now owns 133,872 shares of the company's stock worth $16,795,000 after acquiring an additional 3,860 shares in the last quarter. MML Investors Services LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.6% in the 3rd quarter. MML Investors Services LLC now owns 64,538 shares of the company's stock worth $8,096,000 after acquiring an additional 4,011 shares during the last quarter. World Investment Advisors LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% in the 3rd quarter. World Investment Advisors LLC now owns 3,899 shares of the company's stock worth $489,000 after acquiring an additional 104 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 3.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 20,652 shares of the company's stock valued at $2,572,000 after acquiring an additional 726 shares in 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.