First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Declares $0.02 Quarterly Dividend

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) announced a quarterly dividend on Wednesday, March 25th. Investors of record on Thursday, March 26th will be given a dividend of 0.0204 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Thursday, March 26th.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 0.3%

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund stock opened at $128.72 on Thursday. The firm has a market cap of $1.69 billion, a PE ratio of 27.18 and a beta of 1.08. The stock has a 50 day moving average of $134.93 and a 200 day moving average of $139.35. First Trust NASDAQ-100 Equal Weighted Index Fund has a 12 month low of $104.28 and a 12 month high of $146.54.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Avalon Trust Co bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter worth $32,000. Hazlett Burt & Watson Inc. increased its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the 4th 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. Qube Research & Technologies Ltd purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 3rd quarter valued at about $41,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 4th quarter valued at about $45,000. Finally, Farther Finance Advisors LLC grew its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 149.3% in the third quarter. Farther Finance Advisors LLC now owns 334 shares of the company’s stock worth $47,000 after acquiring an additional 200 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.