Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) is Total Investment Management Inc.'s 7th Largest Position

Total Investment Management Inc. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 685,085 shares of the company's stock after purchasing an additional 24,002 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 8.6% of Total Investment Management Inc.'s holdings, making the stock its 7th largest holding. Total Investment Management Inc. owned 4.86% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $61,500,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waddell & Associates LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the third quarter. Waddell & Associates LLC now owns 374,445 shares of the company's stock valued at $33,775,000 after acquiring an additional 12,033 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company's stock worth $27,686,000 after purchasing an additional 303,364 shares during the period. Frisch Financial Group Inc. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company's stock worth $17,116,000 after purchasing an additional 8,099 shares during the period. BNP Paribas Financial Markets bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $13,530,000. Finally, MRA Advisory Group grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% during the fourth quarter. MRA Advisory Group now owns 92,375 shares of the company's stock worth $8,293,000 after purchasing an additional 3,358 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.47 during midday trading on Thursday, reaching $97.26. 278,896 shares of the company's stock were exchanged, compared to its average volume of 240,382. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $81.45 and a 52 week high of $97.98. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock's 50-day simple moving average is $93.13 and its 200 day simple moving average is $91.31.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.2402 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Direxion NASDAQ-100 Equal Weighted Index Shares Profile

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.