Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $96.49 and last traded at $96.39, with a volume of 98723 shares trading hands. The stock had previously closed at $95.60.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
The company has a 50 day moving average of $92.94 and a 200 day moving average of $91.06. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.
Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after acquiring an additional 357,895 shares during the last quarter. Total Investment Management Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock valued at $61,500,000 after acquiring an additional 24,002 shares during the period. Royal Bank of Canada boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after acquiring an additional 8,600 shares during the period. Waddell & Associates LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock valued at $34,381,000 after acquiring an additional 8,548 shares during the period. Finally, International Assets Investment Management LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the 3rd quarter. International Assets Investment Management LLC now owns 306,935 shares of the company's stock valued at $27,686,000 after buying an additional 303,364 shares during the period.
About Direxion NASDAQ-100 Equal Weighted Index Shares
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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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