BNP Paribas Financial Markets Invests $13.53 Million in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

BNP Paribas Financial Markets acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 150,000 shares of the company's stock, valued at approximately $13,530,000. BNP Paribas Financial Markets owned 1.05% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 394.6% in the third quarter. FMR LLC now owns 3,858 shares of the company's stock valued at $348,000 after purchasing an additional 3,078 shares in the last quarter. Waddell & Associates LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the 3rd quarter. Waddell & Associates LLC now owns 374,445 shares of the company's stock valued at $33,775,000 after buying an additional 12,033 shares during the period. Prospera Private Wealth LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $199,000. CAP Partners LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.1% during the 3rd quarter. CAP Partners LLC now owns 55,127 shares of the company's stock worth $4,972,000 after acquiring an additional 2,193 shares during the period. Finally, Paulson Wealth Management Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 48.4% during the 3rd quarter. Paulson Wealth Management Inc. now owns 6,209 shares of the company's stock valued at $560,000 after acquiring an additional 2,025 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.8 %

QQQE traded up $0.75 during midday trading on Monday, reaching $95.38. 163,617 shares of the company's stock were exchanged, compared to its average volume of 248,488. The business has a 50-day simple moving average of $91.52 and a two-hundred day simple moving average of $89.32. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $78.38 and a one year high of $95.52. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1602 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.67%.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.