First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Unusually-High Trading Volume – Should You Buy?

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw unusually-strong trading volume on Thursday . Approximately 189,722 shares changed hands during trading, an increase of 105% from the previous session’s volume of 92,441 shares.The stock last traded at $130.00 and had previously closed at $130.40.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 2.5 %

The firm has a market cap of $1.94 billion, a PE ratio of 30.27 and a beta of 1.05. The firm has a fifty day simple moving average of $125.69 and a two-hundred day simple moving average of $123.32.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.1298 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, September 26th.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

Large investors have recently added to or reduced their stakes in the stock. ORG Partners LLC bought a new stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 2nd quarter valued at about $35,000. Signaturefd LLC lifted its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 59.9% in the second quarter. Signaturefd LLC now owns 451 shares of the company’s stock worth $56,000 after buying an additional 169 shares during the period. Assetmark Inc. boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% during the 3rd quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $61,000 after acquiring an additional 131 shares in the last quarter. Key Financial Inc grew its holdings in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 137.7% during the 3rd quarter. Key Financial Inc now owns 996 shares of the company’s stock worth $125,000 after acquiring an additional 577 shares during the period. Finally, CWM LLC raised its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 37.2% in the 2nd quarter. CWM LLC now owns 1,625 shares of the company’s stock worth $200,000 after acquiring an additional 441 shares in 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.