First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Trading Down 0.3% – What’s Next?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) fell 0.3% during mid-day trading on Wednesday . The company traded as low as $143.65 and last traded at $143.8950. 24,960 shares traded hands during mid-day trading, a decline of 44% from the average session volume of 44,453 shares. The stock had previously closed at $144.34.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Down 0.3%

The company’s 50-day simple moving average is $142.49 and its 200-day simple moving average is $140.36. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 27.18 and a beta of 1.08.

First Trust NASDAQ-100 Equal Weighted Index Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a $0.1878 dividend. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust NASDAQ-100 Equal Weighted Index Fund’s previous quarterly dividend of $0.11. This represents a $0.75 annualized dividend and a yield of 0.5%.

Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

Institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% during the first quarter. Jane Street Group LLC now owns 11,232 shares of the company’s stock worth $1,358,000 after acquiring an additional 2,531 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund in the second quarter valued at $74,000. Gratus Wealth Advisors LLC raised its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 0.3% during the second quarter. Gratus Wealth Advisors LLC now owns 263,176 shares of the company’s stock valued at $35,921,000 after purchasing an additional 819 shares during the period. Sachetta LLC boosted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 9.9% during the 2nd quarter. Sachetta LLC now owns 9,972 shares of the company’s stock worth $1,361,000 after purchasing an additional 898 shares in the last quarter. Finally, Morton Capital Management LLC CA acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 2nd quarter valued at about $211,000.

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.