Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Position Raised by Cannon Advisors Inc.

Cannon Advisors Inc. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,736 shares of the company's stock after purchasing an additional 2,898 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 3.0% of Cannon Advisors Inc.'s holdings, making the stock its 12th biggest holding. Cannon Advisors Inc. owned 0.28% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,567,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Orion Portfolio Solutions LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 16.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 4,106 shares of the company's stock valued at $369,000 after buying an additional 570 shares during the last quarter. Florida Financial Advisors LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.9% in the 4th quarter. Florida Financial Advisors LLC now owns 3,853 shares of the company's stock valued at $346,000 after purchasing an additional 499 shares during the last quarter. LPL Financial LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the 4th quarter. LPL Financial LLC now owns 262,922 shares of the company's stock valued at $23,603,000 after purchasing an additional 5,090 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $26,000. Finally, Retirement Planning Co of New England Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 7,163 shares of the company's stock worth $643,000 after buying an additional 249 shares during the period.

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Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE stock traded up $0.58 during midday trading on Wednesday, hitting $88.22. The company had a trading volume of 120,939 shares, compared to its average volume of 268,681. The company's 50 day simple moving average is $92.22 and its 200 day simple moving average is $91.93. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $81.45 and a 52-week high of $97.98. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 26.69 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, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.0614 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Tuesday, March 25th.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.