First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Strong Trading Volume

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw unusually-high trading volume on Wednesday . Approximately 202,201 shares traded hands during mid-day trading, an increase of 60% from the previous session’s volume of 126,128 shares.The stock last traded at $119.67 and had previously closed at $119.96.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.3 %

The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 29.27 and a beta of 1.05. The firm has a fifty day moving average of $120.98 and a 200-day moving average of $116.11.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a $0.2153 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.86 dividend on an annualized basis and a yield of 0.72%.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Several institutional investors and hedge funds have recently modified their holdings of QQEW. Global Trust Asset Management LLC lifted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 9.8% in the 1st quarter. Global Trust Asset Management LLC now owns 1,065 shares of the company’s stock valued at $132,000 after buying an additional 95 shares in the last quarter. Stephens Inc. AR lifted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.8% in the 4th quarter. Stephens Inc. AR now owns 13,173 shares of the company’s stock valued at $1,547,000 after purchasing an additional 100 shares in the last quarter. Manchester Capital Management LLC boosted its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 10.0% during the 1st quarter. Manchester Capital Management LLC now owns 1,100 shares of the company’s stock worth $136,000 after purchasing an additional 100 shares during the last quarter. Ergawealth Advisors Inc. grew its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.4% during the fourth quarter. Ergawealth Advisors Inc. now owns 4,974 shares of the company’s stock worth $584,000 after buying an additional 116 shares in the last quarter. Finally, D.A. Davidson & CO. grew its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 1.6% during the third quarter. D.A. Davidson & CO. now owns 9,618 shares of the company’s stock worth $1,000,000 after buying an additional 151 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.