First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Strong Trading Volume – What’s Next?

Shares of First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) saw unusually-high trading volume on Tuesday . Approximately 149,400 shares were traded during mid-day trading, an increase of 99% from the previous session’s volume of 75,257 shares.The stock last traded at $121.52 and had previously closed at $122.22.

First Trust NASDAQ 100 Equal Weighted Index Fund Trading Down 1.5 %

The stock’s 50-day simple moving average is $129.40 and its 200-day simple moving average is $127.63. The firm has a market capitalization of $1.74 billion, a P/E ratio of 26.92 and a beta of 1.05.

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

Institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in shares of 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 during the period. Atria Investments Inc grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.5% during the 3rd quarter. Atria Investments Inc now owns 6,132 shares of the company’s stock valued at $769,000 after purchasing an additional 376 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 6.0% during the 3rd quarter. GSA Capital Partners LLP now owns 2,287 shares of the company’s stock valued at $287,000 after purchasing an additional 130 shares in the last quarter. Empower Advisory Group LLC purchased a new position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund during the 3rd quarter valued at $205,000. Finally, Thrivent Financial for Lutherans grew its position in shares of First Trust NASDAQ 100 Equal Weighted Index Fund by 8.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,978 shares of the company’s stock valued at $1,879,000 after purchasing an additional 1,134 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.