First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 12-Month High – Should You Buy?

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) hit a new 52-week high on Thursday . The company traded as high as $133.97 and last traded at $133.94, with a volume of 105590 shares. The stock had previously closed at $132.66.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Performance

The stock has a fifty day simple moving average of $129.20 and a 200-day simple moving average of $126.47. The stock has a market cap of $1.98 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 company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1439 per share. The ex-dividend date was Friday, December 13th.

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

Several institutional investors have recently bought and sold shares of the company. Secure Asset Management LLC raised its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 3.5% in the third quarter. Secure Asset Management LLC now owns 12,974 shares of the company’s stock valued at $1,628,000 after purchasing an additional 441 shares during the last quarter. KMG Fiduciary Partners LLC acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund in the 3rd quarter valued at $240,000. Signaturefd LLC increased its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 29.9% in the 3rd quarter. Signaturefd LLC now owns 586 shares of the company’s stock valued at $73,000 after buying an additional 135 shares during the last quarter. Private Advisor Group LLC lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 4.2% during the 3rd quarter. Private Advisor Group LLC now owns 49,056 shares of the company’s stock worth $6,154,000 after buying an additional 1,981 shares in the last quarter. Finally, Arkadios Wealth Advisors grew its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 218.0% in the 3rd quarter. Arkadios Wealth Advisors now owns 12,378 shares of the company’s stock valued at $1,553,000 after acquiring an additional 8,486 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.