Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) saw an uptick in trading volume on Friday . 122,590 shares traded hands during mid-day trading, a decline of 50% from the previous session's volume of 245,473 shares.The stock last traded at $94.75 and had previously closed at $94.97.
Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.4 %
The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The firm has a 50 day moving average price of $92.61 and a two-hundred day moving average price of $89.78.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm 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 dividend on an annualized basis and a yield of 0.68%.
Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
Several large investors have recently made changes to their positions in QQQE. White Pine Investment CO lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% during the 2nd quarter. White Pine Investment CO now owns 16,310 shares of the company's stock valued at $1,447,000 after acquiring an additional 124 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company's stock worth $339,000 after purchasing an additional 129 shares in the last quarter. CWM LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the second quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after buying an additional 131 shares during the period. Beck Capital Management LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the third quarter. Beck Capital Management LLC now owns 21,772 shares of the company's stock valued at $1,964,000 after buying an additional 158 shares in the last quarter. Finally, SOL Capital Management CO grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% in the third quarter. SOL Capital Management CO now owns 58,310 shares of the company's stock valued at $5,260,000 after buying an additional 205 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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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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