First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Sees Large Volume Increase – Time to Buy?

First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) saw unusually-high trading volume on Tuesday . Approximately 222,099 shares traded hands during trading, an increase of 360% from the previous session’s volume of 48,306 shares.The stock last traded at $162.1250 and had previously closed at $165.12.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Down 1.9%

The firm has a market cap of $1.82 billion, a PE ratio of 27.18 and a beta of 1.08. The business has a fifty day moving average price of $158.94 and a 200 day moving average price of $146.23.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. raised its holdings in First Trust NASDAQ-100 Equal Weighted Index Fund by 75.2% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 233 shares of the company’s stock worth $33,000 after purchasing an additional 100 shares in the last quarter. Ascentis Independent Advisors acquired a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter valued at $36,000. POM Investment Strategies LLC grew its position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund by 231.9% in the 2nd quarter. POM Investment Strategies LLC now owns 229 shares of the company’s stock valued at $37,000 after buying an additional 160 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter valued at $41,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 3rd quarter valued at $49,000.

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.