Envestnet Asset Management Inc. decreased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 195,445 shares of the company's stock after selling 4,213 shares during the quarter. Envestnet Asset Management Inc. owned 1.40% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $17,545,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of QQQE. Total Investment Management Inc. lifted its position in shares of 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 buying an additional 24,002 shares in the last quarter. Gateway Wealth Partners LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% in the fourth quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company's stock valued at $2,283,000 after purchasing an additional 3,671 shares during the period. Weil Company Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $375,000. Merit Financial Group LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $253,000. Finally, Hickory Asset Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $290,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.4 %
Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.33 during mid-day trading on Friday, reaching $82.46. 355,472 shares of the stock traded hands, compared to its average volume of 272,796. The business has a 50-day moving average of $88.70 and a 200 day moving average of $91.16. The stock has a market capitalization of $1.16 billion, a PE ratio of 26.69 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $97.98.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.30%.
Direxion NASDAQ-100 Equal Weighted Index Shares Profile
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Free Report)
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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