First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW) Hits New 12-Month High – Should You Buy?

Posted by Trevor Kearing on May 26th, 2026

Shares of First Trust NASDAQ-100 Equal Weighted Index Fund (NASDAQ:QQEW – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $151.65 and last traded at $151.65, with a volume of 705 shares traded. The stock had previously closed at $148.76.

First Trust NASDAQ-100 Equal Weighted Index Fund Trading Up 1.5%

The stock’s 50-day simple moving average is $135.74 and its 200-day simple moving average is $138.08. The firm has a market capitalization of $1.83 billion, a P/E ratio of 27.18 and a beta of 1.05.

First Trust NASDAQ-100 Equal Weighted Index Fund Cuts Dividend

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

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC bought a new stake in First Trust NASDAQ-100 Equal Weighted Index Fund during the 1st quarter worth approximately $255,000. Ashton Thomas Securities LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth $1,317,000. IFS Group LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth $1,084,000. Gateway Wealth Partners LLC increased 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 buying an additional 11,710 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in shares of First Trust NASDAQ-100 Equal Weighted Index Fund in the 1st quarter worth $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.