First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Strong Trading Volume – Here’s What Happened

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw unusually-strong trading volume on Monday . Approximately 35,659 shares traded hands during trading, a decline of 28% from the previous session’s volume of 49,403 shares.The stock last traded at $123.75 and had previously closed at $124.78.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Up 0.7 %

The company’s fifty day simple moving average is $128.93 and its 200 day simple moving average is $125.39. The firm has a market capitalization of $1.87 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 disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.1439 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Moors & Cabot Inc. bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the second quarter valued at approximately $741,000. Purus Wealth Management LLC grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.1% in the 2nd quarter. Purus Wealth Management LLC now owns 3,066 shares of the company’s stock worth $378,000 after buying an additional 175 shares during the period. Creative Planning increased its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 7.5% in the 2nd quarter. Creative Planning now owns 2,900 shares of the company’s stock worth $358,000 after acquiring an additional 203 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 2.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,172 shares of the company’s stock valued at $1,624,000 after acquiring an additional 313 shares during the period. Finally, Gateway Wealth Partners LLC boosted its stake in First Trust NASDAQ 100 Equal Weighted Index Fund by 430.7% during the second quarter. Gateway Wealth Partners LLC now owns 11,283 shares of the company’s stock worth $1,391,000 after acquiring an additional 9,157 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.