Janney Montgomery Scott LLC cut its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 33.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,422 shares of the company's stock after selling 5,665 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,030,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of QQQE. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $54,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $55,000. Banque Cantonale Vaudoise boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock valued at $106,000 after acquiring an additional 247 shares during the last quarter. CWM LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after purchasing an additional 131 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $142,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $2.20 during mid-day trading on Friday, hitting $90.85. 874,719 shares of the company traded hands, compared to its average volume of 247,554. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $76.87 and a one year high of $94.29. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock has a fifty day moving average price of $90.44 and a 200-day moving average price of $88.76.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Tuesday, September 24th.
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.
Featured Articles
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
