First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Reaches New 52-Week High – Should You Buy?

Posted by Brenda Bartman on May 22nd, 2026

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $147.19 and last traded at $146.9450, with a volume of 26634 shares traded. The stock had previously closed at $144.49.

First Trust NASDAQ-100 Equal Weighted Index Fund Stock Up 1.1%

The stock has a market cap of $1.80 billion, a PE ratio of 27.18 and a beta of 1.05. The stock has a 50-day moving average of $134.99 and a 200 day moving average of $137.96.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

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

Hedge Funds Weigh In On First Trust NASDAQ-100 Equal Weighted Index Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $255,000. Ashton Thomas Securities LLC purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $1,317,000. IFS Group LLC purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $1,084,000. Gateway Wealth Partners LLC lifted its position in First Trust NASDAQ-100 Equal Weighted Index Fund by 107.9% during the first quarter. Gateway Wealth Partners LLC now owns 22,558 shares of the company’s stock worth $2,864,000 after buying an additional 11,710 shares in the last quarter. Finally, Waverly Advisors LLC purchased a new position in First Trust NASDAQ-100 Equal Weighted Index Fund during the first quarter worth approximately $219,000.

About First Trust NASDAQ-100 Equal Weighted Index Fund

(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.