Advisory Services Network LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 54.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,907 shares of the company's stock after buying an additional 3,153 shares during the quarter. Advisory Services Network LLC owned approximately 0.06% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $800,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $9,261,000. Ameritas Advisory Services LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company's stock worth $3,641,000 after purchasing an additional 24,233 shares during the period. Jones Financial Companies Lllp lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% in the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock worth $2,777,000 after purchasing an additional 24,040 shares during the period. Total Investment Management Inc. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock valued at $61,500,000 after buying an additional 24,002 shares in the last quarter. Finally, Strategic Financial Concepts LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $1,636,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
Shares of NASDAQ:QQQE traded up $0.33 during trading on Friday, reaching $82.46. The company had a trading volume of 355,472 shares, compared to its average volume of 273,377. The firm's fifty day moving average is $88.70 and its 200 day moving average is $91.18. The firm has a market capitalization of $1.16 billion, a PE ratio of 25.43 and a beta of 1.07. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $97.98.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.30%.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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Free Report)
The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) 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. QQQE was launched on Mar 21, 2012 and is managed by Direxion.
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