Tower Research Capital LLC TRC Lowers Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Tower Research Capital LLC TRC trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,166 shares of the company's stock after selling 9,596 shares during the period. Tower Research Capital LLC TRC owned approximately 0.07% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $913,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQE. Stifel Financial Corp grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 21.9% during the 3rd quarter. Stifel Financial Corp now owns 2,835 shares of the company's stock valued at $256,000 after purchasing an additional 509 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at approximately $317,000. JPMorgan Chase & Co. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock valued at $82,000 after acquiring an additional 787 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company's stock worth $396,000 after acquiring an additional 139 shares during the last quarter. Finally, MRA Advisory Group lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% in the 4th quarter. MRA Advisory Group now owns 92,375 shares of the company's stock valued at $8,293,000 after acquiring an additional 3,358 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.53 during trading on Tuesday, hitting $87.58. 77,520 shares of the company's stock traded hands, compared to its average volume of 273,092. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $97.98. The business has a 50-day simple moving average of $87.22 and a 200-day simple moving average of $90.93. The stock has a market capitalization of $1.22 billion, a P/E ratio of 25.43 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.