LPL Financial LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,922 shares of the company's stock after purchasing an additional 5,090 shares during the quarter. LPL Financial LLC owned about 1.88% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $23,603,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of QQQE. Runnymede Capital Advisors Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $31,000. Kestra Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $34,000. Finally, Global Trust Asset Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $38,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $5.26 on Friday, hitting $78.66. 659,912 shares of the company's stock traded hands, compared to its average volume of 270,746. The firm's 50-day moving average price is $91.70 and its two-hundred day moving average price is $91.81. The stock has a market capitalization of $1.10 billion, a PE ratio of 26.69 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $77.81 and a one year high of $97.98.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.0614 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.31%.
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.
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