First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $148.77 and traded as high as $151.87. First Trust NASDAQ-100 Equal Weighted Index Fund shares last traded at $151.09, with a volume of 23,624 shares changing hands.
First Trust NASDAQ-100 Equal Weighted Index Fund Price Performance
The company has a fifty day moving average price of $157.92 and a 200 day moving average price of $148.77. The stock has a market cap of $1.75 billion, a P/E ratio of 27.59 and a beta of 1.10.
Institutional Trading of First Trust NASDAQ-100 Equal Weighted Index Fund
Several hedge funds have recently bought and sold shares of the business. Private Advisor Group LLC increased its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 314.3% during the third quarter. Private Advisor Group LLC now owns 76,405 shares of the company’s stock worth $12,433,000 after acquiring an additional 57,963 shares in the last quarter. HighTower Advisors LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter valued at approximately $15,265,000. Silver Oak Securities Incorporated purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter valued at approximately $424,000. IFG Advisory LLC raised its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 17.1% in the third quarter. IFG Advisory LLC now owns 856 shares of the company’s stock valued at $139,000 after purchasing an additional 125 shares during the last quarter. Finally, Valmark Advisers Inc. purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the third quarter worth about $336,000.
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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