First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $163.83 and last traded at $163.4790, with a volume of 3975 shares traded. The stock had previously closed at $162.96.
First Trust NASDAQ-100 Equal Weighted Index Fund Stock Performance
The stock has a 50-day moving average of $156.14 and a two-hundred day moving average of $143.51. The company has a market cap of $1.84 billion, a P/E ratio of 27.18 and a beta of 1.08.
Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund
Several institutional investors and hedge funds have recently modified their holdings of QQEW. Hazlett Burt & Watson Inc. boosted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Ascentis Independent Advisors purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund in the first quarter worth about $36,000. Qube Research & Technologies Ltd bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter worth approximately $41,000. Sound Income Strategies LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the fourth quarter worth approximately $45,000. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the third quarter worth approximately $49,000.
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.
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