First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume – Here’s Why

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) shares saw an uptick in trading volume on Wednesday . 44,251 shares changed hands during trading, a decline of 10% from the previous session’s volume of 49,138 shares.The stock last traded at $163.52 and had previously closed at $162.23.

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

The business’s 50 day simple moving average is $155.65 and its 200 day simple moving average is $142.91. The company has a market capitalization of $1.82 billion, a PE ratio of 27.18 and a beta of 1.07.

Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

A number of large investors have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% in the 1st quarter. Jane Street Group LLC now owns 11,232 shares of the company’s stock worth $1,358,000 after purchasing an additional 2,531 shares during the period. NewEdge Advisors LLC raised its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 4.7% during the 2nd quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock valued at $3,084,000 after purchasing an additional 1,011 shares during the period. Darwin Wealth Management LLC acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 2nd quarter valued at $6,684,000. Ausdal Financial Partners Inc. raised its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 3.6% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 9,719 shares of the company’s stock valued at $1,327,000 after purchasing an additional 338 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 100.0% in the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $13,649,000 after purchasing an additional 50,000 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.