First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) saw strong trading volume on Tuesday . Approximately 222,099 shares traded hands during trading, an increase of 360% from the previous session’s volume of 48,306 shares.The stock last traded at $162.1250 and had previously closed at $165.12.
First Trust NASDAQ-100 Equal Weighted Index Fund Stock Up 0.4%
The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 27.18 and a beta of 1.08. The company has a 50 day moving average of $159.29 and a 200 day moving average of $146.64.
Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund
A number of institutional investors have recently made changes to their positions in the business. POM Investment Strategies LLC boosted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 231.9% during the 2nd quarter. POM Investment Strategies LLC now owns 229 shares of the company’s stock valued at $37,000 after buying an additional 160 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock worth $33,000 after buying an additional 100 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter valued at $36,000. Qube Research & Technologies Ltd acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter valued at $41,000. Finally, Measured Wealth Private Client Group LLC bought a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter valued at $49,000.
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.
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