First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) Increases Dividend to $0.15 Per Share

First Trust NASDAQ 100 Equal Weighted Index Fund (NASDAQ:QQEW) declared a quarterly dividend on Wednesday, March 26th, NASDAQ Dividends reports. Investors of record on Thursday, March 27th will be paid a dividend of 0.1529 per share on Monday, March 31st. This represents a $0.61 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 17.8% increase from First Trust NASDAQ 100 Equal Weighted Index Fund’s previous quarterly dividend of $0.13.

First Trust NASDAQ 100 Equal Weighted Index Fund Stock Down 1.1 %

QQEW traded down $1.35 on Thursday, hitting $123.86. The company’s stock had a trading volume of 95,732 shares, compared to its average volume of 79,657. The firm has a market cap of $1.82 billion, a P/E ratio of 26.92 and a beta of 1.05. First Trust NASDAQ 100 Equal Weighted Index Fund has a 12 month low of $113.15 and a 12 month high of $136.19. The company’s 50 day simple moving average is $128.96 and its 200-day simple moving average is $127.75.

About First Trust NASDAQ 100 Equal Weighted Index Fund

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.