Regal Investment Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 25.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,189 shares of the company's stock after buying an additional 4,292 shares during the quarter. Regal Investment Advisors LLC owned approximately 0.15% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,902,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of QQQE. Raymond James Financial Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $9,261,000. Ameritas Advisory Services LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company's stock valued at $3,641,000 after buying an additional 24,233 shares during the period. Jones Financial Companies Lllp lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% during the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock valued at $2,777,000 after buying an additional 24,040 shares in the last quarter. Total Investment Management Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after buying an additional 24,002 shares during the period. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $1,636,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 2.3 %
Shares of QQQE stock traded down $1.87 during mid-day trading on Monday, reaching $80.59. The company's stock had a trading volume of 31,321 shares, compared to its average volume of 263,557. The firm has a market capitalization of $1.14 billion, a PE ratio of 25.43 and a beta of 1.07. The company's 50 day simple moving average is $88.70 and its 200-day simple moving average is $91.18. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month 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. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Tuesday, March 25th.
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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