First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW - Get Free Report) shares traded up 0.8% on Friday . The company traded as high as $125.32 and last traded at $124.67. 126,578 shares changed hands during trading, an increase of 35% from the average session volume of 93,700 shares. The stock had previously closed at $123.69.
First Trust NASDAQ 100 Equal Weighted Index Fund Stock Up 0.8 %
The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05. The stock's fifty day moving average is $124.37 and its two-hundred day moving average is $122.48.
First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1298 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.52 dividend on an annualized basis and a yield of 0.42%.
Hedge Funds Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund
Institutional investors and hedge funds have recently modified their holdings of the stock. ORG Partners LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the second quarter valued at $35,000. Signaturefd LLC increased its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 59.9% in the second quarter. Signaturefd LLC now owns 451 shares of the company's stock valued at $56,000 after purchasing an additional 169 shares during the last quarter. Assetmark Inc. increased its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% in the third quarter. Assetmark Inc. now owns 490 shares of the company's stock valued at $61,000 after purchasing an additional 131 shares during the last quarter. Key Financial Inc increased its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 137.7% in the third quarter. Key Financial Inc now owns 996 shares of the company's stock valued at $125,000 after purchasing an additional 577 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 10.0% in the first quarter. Manchester Capital Management LLC now owns 1,100 shares of the company's stock valued at $136,000 after purchasing an additional 100 shares during the last quarter.
About First Trust NASDAQ 100 Equal Weighted Index Fund
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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.
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