First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Volume Increase – Here’s What Happened

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw an uptick in trading volume on Thursday . 153,432 shares traded hands during mid-day trading, an increase of 136% from the previous session’s volume of 65,029 shares.The stock last traded at $134.30 and had previously closed at $136.00.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 0.8 %

The stock has a market capitalization of $1.98 billion, a PE ratio of 30.27 and a beta of 1.05. The firm has a 50 day moving average price of $129.44 and a 200-day moving average price of $126.84.

First Trust NASDAQ 100 Equal Weighted Index Fund Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.1439 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust NASDAQ 100 Equal Weighted Index Fund

A number of hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors LLC raised its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 2.7% in the third quarter. World Investment Advisors LLC now owns 3,899 shares of the company’s stock worth $489,000 after acquiring an additional 104 shares during the period. Barrett & Company Inc. raised its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 2.3% in the 3rd quarter. Barrett & Company Inc. now owns 4,663 shares of the company’s stock worth $585,000 after purchasing an additional 106 shares during the period. Gateway Wealth Partners LLC boosted its position in First Trust NASDAQ 100 Equal Weighted Index Fund by 1.1% during the fourth quarter. Gateway Wealth Partners LLC now owns 11,298 shares of the company’s stock worth $1,412,000 after purchasing an additional 123 shares in the last quarter. Cozad Asset Management Inc. grew its holdings in First Trust NASDAQ 100 Equal Weighted Index Fund by 0.5% in the third quarter. Cozad Asset Management Inc. now owns 25,879 shares of the company’s stock valued at $3,247,000 after purchasing an additional 124 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.0% in the third quarter. GSA Capital Partners LLP now owns 2,287 shares of the company’s stock valued at $287,000 after buying an additional 130 shares in the last quarter.

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.