First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Reaches New 1-Year High – Time to Buy?

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

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Up 1.2 %

The business has a 50-day moving average price of $129.13 and a 200-day moving average price of $126.33. The firm has a market capitalization of $1.97 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 firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.1439 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

A number of hedge funds have recently made changes to their positions in QQEW. Wilmington Savings Fund Society FSB bought a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund in the fourth quarter valued at about $31,000. Barclays PLC acquired a new stake in First Trust NASDAQ 100 Equal Weighted Index Fund during the fourth quarter valued at approximately $50,000. Assetmark Inc. grew its stake in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 36.5% in the 3rd quarter. Assetmark Inc. now owns 490 shares of the company’s stock valued at $61,000 after purchasing an additional 131 shares during the period. Avior Wealth Management LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the 4th quarter worth approximately $69,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 4th quarter worth approximately $72,000.

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.