28-Mar-2024
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First Trust NASDAQ-100 Equal Weighted Index Fund ETF declares $0.2153 dividend
Seeking Alpha News (Wed, 27-Mar 1:30 PM ET)
The First Trust NASDAQ-100 Equal Weighted Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the NASDAQ-100 Equal Weighted Index.
First Trust Nasdaq-100 Equal Weighted trades on the NASDAQ stock market under the symbol QQEW.
As of March 28, 2024, QQEW stock price declined to $123.90 with 38,414 million shares trading.
QQEW has a beta of 1.22, meaning it tends to be more sensitive to market movements. QQEW has a correlation of 0.88 to the broad based SPY ETF.
QQEW has a market cap of $2.19 billion. This is considered a Mid Cap stock.
In the last 3 years, QQEW stock traded as high as $124.84 and as low as $79.73.
QQEW has underperformed the market in the last year with a price return of +29.2% while the SPY ETF gained +33.6%. QQEW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +5.1% and +1.1%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
QQEW support price is $123.02 and resistance is $125.02 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that QQEW stock will trade within this expected range on the day.