First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $162.23 and last traded at $162.25, with a volume of 35008 shares changing hands. The stock had previously closed at $157.32.
First Trust NASDAQ-100 Equal Weighted Index Fund Stock Down 1.3%
The firm has a 50-day moving average price of $155.87 and a two-hundred day moving average price of $143.06. The firm has a market cap of $1.79 billion, a PE ratio of 27.18 and a beta of 1.08.
Institutional Investors Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund
Several institutional investors and hedge funds have recently added to or reduced their stakes in QQEW. Beacon Bank & Trust purchased a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter worth $234,000. Focus Financial Network Inc. purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the second quarter worth about $227,000. CX Institutional boosted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 3.1% during the second quarter. CX Institutional now owns 78,961 shares of the company’s stock worth $12,602,000 after acquiring an additional 2,379 shares during the last quarter. Western Wealth Management LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at about $255,000. Finally, Ashton Thomas Securities LLC purchased a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at about $1,317,000.
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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