First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 12-Month High – Here’s Why

Posted by Patrick Bannon on May 20th, 2026

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

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 1.7%

The stock has a market cap of $1.76 billion, a P/E ratio of 27.18 and a beta of 1.05. The company’s fifty day simple moving average is $134.43 and its 200-day simple moving average is $137.90.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

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

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

Several large investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth about $255,000. Ashton Thomas Securities LLC bought a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth about $1,317,000. IFS Group LLC bought a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth about $1,084,000. Gateway Wealth Partners LLC grew its holdings 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 worth $2,864,000 after purchasing an additional 11,710 shares during the last quarter. Finally, Waverly Advisors LLC bought a new stake in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth about $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.