First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Stock Price Down 0.2% – Here’s Why

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) traded down 0.2% during trading on Monday . The company traded as low as $128.65 and last traded at $130.61. 45,878 shares were traded during trading, a decline of 22% from the average session volume of 58,761 shares. The stock had previously closed at $130.92.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 0.2 %

The company has a market capitalization of $1.92 billion, a PE ratio of 30.27 and a beta of 1.05. The business’s fifty day moving average is $129.05 and its two-hundred day moving average is $125.86.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1439 dividend. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust NASDAQ 100 Equal Weighted Index Fund

Several institutional investors have recently added to or reduced their stakes in QQEW. Arkadios Wealth Advisors boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 218.0% during the third quarter. Arkadios Wealth Advisors now owns 12,378 shares of the company’s stock worth $1,553,000 after acquiring an additional 8,486 shares during the last quarter. Barrett & Company Inc. lifted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% in the third quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock valued at $585,000 after acquiring an additional 106 shares during the last quarter. Private Advisor Group LLC grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 4.2% during the third quarter. Private Advisor Group LLC now owns 49,056 shares of the company’s stock worth $6,154,000 after acquiring an additional 1,981 shares during the last quarter. KMG Fiduciary Partners LLC acquired a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund in the third quarter valued at approximately $240,000. Finally, Secure Asset Management LLC grew its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 3.5% during the third quarter. Secure Asset Management LLC now owns 12,974 shares of the company’s stock worth $1,628,000 after buying an additional 441 shares during the period.

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.