Citigroup Inc. Sells 49,909 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Citigroup Inc. reduced its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 49.8% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 50,389 shares of the company's stock after selling 49,909 shares during the period. Citigroup Inc. owned 0.35% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,545,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the first quarter. Comerica Bank now owns 12,868 shares of the company's stock worth $1,148,000 after buying an additional 316 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $2,568,000. Fulton Bank N.A. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the second quarter. Fulton Bank N.A. now owns 8,655 shares of the company's stock worth $768,000 after purchasing an additional 275 shares during the period. CWM LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company's stock valued at $116,000 after buying an additional 131 shares during the period. Finally, DHJJ Financial Advisors Ltd. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 5.3% during the second quarter. DHJJ Financial Advisors Ltd. now owns 2,898 shares of the company's stock worth $257,000 after buying an additional 147 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE traded down $0.16 during mid-day trading on Tuesday, reaching $95.22. The stock had a trading volume of 208,229 shares, compared to its average volume of 248,316. The stock has a market capitalization of $1.36 billion, a P/E ratio of 28.84 and a beta of 1.05. The firm has a 50 day moving average price of $91.75 and a two-hundred day moving average price of $89.42. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $78.38 and a one year high of $95.52.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a 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.