Hickory Asset Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,234 shares of the company's stock, valued at approximately $290,000.
Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 318.9% in the third quarter. CWM LLC now owns 5,496 shares of the company's stock valued at $496,000 after buying an additional 4,184 shares in the last quarter. Marshall Financial Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $1,278,000. Sax Wealth Advisors LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 28.0% in the third quarter. Sax Wealth Advisors LLC now owns 7,094 shares of the company's stock valued at $640,000 after purchasing an additional 1,553 shares in the last quarter. KMG Fiduciary Partners LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $1,964,000. Finally, OLD National Bancorp IN purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $309,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of NASDAQ:QQQE traded down $0.25 during trading on Wednesday, hitting $97.73. 119,470 shares of the company were exchanged, compared to its average volume of 239,180. The firm's 50 day moving average price is $93.09 and its 200-day moving average price is $91.27. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $81.45 and a 12-month high of $97.98. The stock has a market capitalization of $1.36 billion, a P/E ratio of 28.84 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.
About Direxion NASDAQ-100 Equal Weighted Index Shares
(
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.
See Also
Before you consider Direxion NASDAQ-100 Equal Weighted Index Shares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Direxion NASDAQ-100 Equal Weighted Index Shares wasn't on the list.
While Direxion NASDAQ-100 Equal Weighted Index Shares currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
