Total Investment Management Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 661,083 shares of the company's stock, valued at approximately $59,630,000. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for 6.7% of Total Investment Management Inc.'s investment portfolio, making the stock its 8th biggest position. Total Investment Management Inc. owned approximately 4.64% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Goodman Advisory Group LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth approximately $54,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $55,000. Banque Cantonale Vaudoise raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock valued at $106,000 after purchasing an additional 247 shares in the last quarter. CWM LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after purchasing an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at approximately $142,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.47 during mid-day trading on Tuesday, reaching $93.71. 703,907 shares of the company were exchanged, compared to its average volume of 245,195. The firm has a market cap of $1.34 billion, a P/E ratio of 28.84 and a beta of 1.05. The business has a fifty day moving average of $89.94 and a 200 day moving average of $88.61. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $74.76 and a 12-month high of $94.29.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend 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.
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