First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Shares Down 0.2% – Should You Sell?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW)’s stock price traded down 0.2% on Monday . The company traded as low as $128.65 and last traded at $130.61. 45,878 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 58,761 shares. The stock had previously closed at $130.92.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.2 %

The company has a 50-day simple moving average of $129.05 and a two-hundred day simple moving average of $125.86. The stock has a market cap of $1.92 billion, a P/E ratio of 30.27 and a beta of 1.05.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.1439 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of QQEW. Good Life Advisors LLC boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 103.6% in the 3rd quarter. Good Life Advisors LLC now owns 245,248 shares of the company’s stock worth $30,767,000 after purchasing an additional 124,783 shares in the last quarter. JP Wealth Management Inc. acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter worth about $15,063,000. Darwin Wealth Management LLC purchased a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the third quarter worth about $6,552,000. Elios Financial Group Inc. acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the third quarter worth $5,750,000. Finally, Geneos Wealth Management Inc. acquired a new position in First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth $3,715,000.

First Trust NASDAQ 100 Equal Weighted Index Fund Company Profile

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.