First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 1-Year High – Here’s Why

Posted by Ethan Ryder on May 28th, 2026

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 $151.65 and last traded at $151.65, with a volume of 705 shares changing hands. The stock had previously closed at $148.76.

First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance

The company’s 50-day simple moving average is $136.57 and its 200-day simple moving average is $138.22. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 27.18 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.0204 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.1%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in QQEW. Western Wealth Management LLC acquired a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter worth approximately $255,000. Ashton Thomas Securities LLC acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth $1,317,000. IFS Group LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter valued at $1,084,000. Gateway Wealth Partners LLC lifted its stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 107.9% in the 1st quarter. Gateway Wealth Partners LLC now owns 22,558 shares of the company’s stock valued at $2,864,000 after acquiring an additional 11,710 shares during the last quarter. Finally, Waverly Advisors LLC acquired a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter valued at $219,000.

First Trust NASDAQ-100 Equal Weighted Index Fund Company Profile

(Get Free Report)

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.