First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sets New 52-Week High – Here’s What Happened

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) reached a new 52-week high on Friday . The stock traded as high as $136.19 and last traded at $136.19, with a volume of 2780 shares traded. The stock had previously closed at $135.21.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

The company has a 50-day moving average of $128.72 and a two-hundred day moving average of $126.82. The stock has a market capitalization of $1.93 billion, a PE ratio of 27.96 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, June 26th. This represents a $0.52 annualized dividend and a yield of 0.38%.

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 the company. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the fourth quarter worth about $119,160,000. LPL Financial LLC increased its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 12.2% during the fourth quarter. LPL Financial LLC now owns 856,301 shares of the company’s stock worth $107,003,000 after acquiring an additional 92,847 shares during the last quarter. Royal Bank of Canada increased its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 14.9% during the first quarter. Royal Bank of Canada now owns 327,810 shares of the company’s stock worth $39,642,000 after acquiring an additional 42,618 shares during the last quarter. Gratus Wealth Advisors LLC increased its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 35.6% during the first quarter. Gratus Wealth Advisors LLC now owns 262,357 shares of the company’s stock worth $31,727,000 after acquiring an additional 68,853 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 19.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 193,207 shares of the company’s stock worth $24,143,000 after acquiring an additional 31,219 shares during the last quarter.

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.