First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Strong Trading Volume – Here’s What Happened

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw strong trading volume on Wednesday . 101,664 shares traded hands during mid-day 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 Trading Up 1.5 %

The company has a market capitalization of $1.69 billion, a P/E ratio of 27.58 and a beta of 1.05. The stock’s fifty day moving average is $125.33 and its 200 day moving average is $127.12.

First Trust NASDAQ 100 Equal Weighted Index Fund Increases Dividend

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

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

A number of institutional investors have recently modified their holdings of the company. FMR LLC raised its position 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 during the last quarter. MML Investors Services LLC increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.6% during the third quarter. MML Investors Services LLC now owns 64,538 shares of the company’s stock valued at $8,096,000 after buying an additional 4,011 shares during the period. World Investment Advisors LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% during the third quarter. World Investment Advisors LLC now owns 3,899 shares of the company’s stock valued at $489,000 after acquiring an additional 104 shares in the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 3.6% in the third quarter. B. Riley Wealth Advisors Inc. now owns 20,652 shares of the company’s stock worth $2,572,000 after acquiring an additional 726 shares during the period. Finally, Park National Corp OH boosted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 24.6% in the fourth quarter. Park National Corp OH now owns 3,921 shares of the company’s stock valued at $490,000 after acquiring an additional 773 shares in 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.