Latest News On First Trust NASDAQ-100 Equal Weight Index ETF(NASDAQ:QQEW)

716

Dallas, Texas 01/17/2014 (FINANCIALSTRENDS) – First Trust NASDAQ-100 Equal Weight Index ETF(NASDAQ:QQEW) operates this exchange-traded index fund which attempts to match the yield and the prices to the nearest cent for the same funds as on the NASDAQ-100 Equal Weight IndexSM.

First Trust NASDAQ-100 Equal Weight Index ETF(NASDAQ:QQEW) holds a $292.56million market cap and has 40,997 shares. It currently trades at approximately $36.57, up by over 0l03% over average prices. The fund also has seen a high of $36.59 on its 52 week high and a low of $27.19 on its 52 week low. The company has also posted dividend rate of 0.33, while the yield for the same is 0.90. The current rates are subject to the 2 basis point slip for the 10-year Treasury yield seen on Jan 16, 2014, after the same had seen a jump of over 7 basis points as of January 15, 2014.The results were also affected by the overall drop in the futures, following a two day run ‘to the upside’ as well as most of the fourth quarter earnings beginning to see action.

First Trust NASDAQ-100 Equal Weight Index ETF(NASDAQ:QQEW) is essentially a reflection of the  various small to medium sized stock the company deals with, considering the fact that this a equal-weighted fund. In the context of better performance by similar funds such as SPY, RSP, analyst analyse that the RSP with its multiple capitalization has more to offer. SPY on the other had more traditional ‘cap-weighted’ stocks and operates on nearly the same lines as S&P 500 SPDR.

First Trust NASDAQ-100 Equal Weight Index ETF(NASDAQ:QQEW) as a member of the NDX does not pay the same dividen d as the S7P 500 product, largely due to the longer tracking term that the NDX adopts, besides including such funds which are not entirely financial products either.

Subscribe to get your free report!

* indicates required
*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.