First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Up 1.5% – Time to Buy?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW)’s share price was up 1.5% on Friday . The company traded as high as $127.21 and last traded at $126.88. Approximately 24,521 shares changed hands during trading, a decline of 53% from the average daily volume of 52,211 shares. The stock had previously closed at $124.96.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The firm has a fifty day moving average of $128.85 and a 200-day moving average of $125.27. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1439 per share. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. World Investment Advisors LLC lifted its holdings in 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 buying an additional 104 shares in the last quarter. Barrett & Company Inc. lifted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% in the third quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock worth $585,000 after acquiring an additional 106 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 2.0% in the second quarter. Centaurus Financial Inc. now owns 5,576 shares of the company’s stock valued at $687,000 after purchasing an additional 109 shares during the last quarter. Dana Investment Advisors Inc. grew its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 32,245 shares of the company’s stock valued at $3,975,000 after purchasing an additional 124 shares in the last quarter. Finally, Cozad Asset Management Inc. increased its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.5% during the 3rd quarter. Cozad Asset Management Inc. now owns 25,879 shares of the company’s stock worth $3,247,000 after purchasing an additional 124 shares during the last quarter.

About First Trust NASDAQ 100 Equal Weighted Index Fund

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.