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

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEWGet Free Report) shares saw unusually-strong trading volume on Wednesday . 44,251 shares were traded during mid-day trading, a decline of 10% from the previous session’s volume of 49,138 shares.The stock last traded at $163.52 and had previously closed at $162.23.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 1.4%

The firm’s fifty day moving average is $156.00 and its 200 day moving average is $143.19. The company has a market cap of $1.82 billion, a PE ratio of 27.18 and a beta of 1.08.

Institutional Trading of First Trust NASDAQ-100 Equal Weighted Index Fund

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC lifted its stake in First Trust NASDAQ-100 Equal Weighted Index Fund by 29.1% in the 1st quarter. Jane Street Group LLC now owns 11,232 shares of the company’s stock valued at $1,358,000 after buying an additional 2,531 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 4.7% during the second quarter. NewEdge Advisors LLC now owns 22,598 shares of the company’s stock valued at $3,084,000 after acquiring an additional 1,011 shares during the last quarter. Darwin Wealth Management LLC acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund during the second quarter valued at approximately $6,684,000. Ausdal Financial Partners Inc. raised its holdings in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 3.6% during the second quarter. Ausdal Financial Partners Inc. now owns 9,719 shares of the company’s stock valued at $1,327,000 after acquiring an additional 338 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 100.0% in the second quarter. BNP Paribas Financial Markets now owns 100,000 shares of the company’s stock valued at $13,649,000 after acquiring an additional 50,000 shares in the last quarter.

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.

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