Waddell & Associates LLC Increases Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Waddell & Associates LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 382,993 shares of the company's stock after purchasing an additional 8,548 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 3.5% of Waddell & Associates LLC's holdings, making the stock its 12th biggest position. Waddell & Associates LLC owned approximately 2.75% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $34,381,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in QQQE. Advisory Services Network LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 54.8% during the 4th quarter. Advisory Services Network LLC now owns 8,907 shares of the company's stock worth $800,000 after purchasing an additional 3,153 shares during the period. Renaissance Technologies LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 93.0% in the fourth quarter. Renaissance Technologies LLC now owns 11,000 shares of the company's stock valued at $987,000 after buying an additional 5,300 shares in the last quarter. KCM Investment Advisors LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $205,000. Cannon Advisors Inc. grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.9% in the 4th quarter. Cannon Advisors Inc. now owns 39,736 shares of the company's stock worth $3,567,000 after acquiring an additional 2,898 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 16.1% during the fourth quarter. Orion Portfolio Solutions LLC now owns 4,106 shares of the company's stock worth $369,000 after purchasing an additional 570 shares during the last quarter.

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Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.5 %

Shares of QQQE stock traded up $1.20 during mid-day trading on Friday, reaching $82.99. The stock had a trading volume of 111,941 shares, compared to its average volume of 275,196. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $97.98. The business has a 50-day simple moving average of $89.94 and a 200 day simple moving average of $91.41. The company has a market cap of $1.17 billion, a P/E ratio of 26.69 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%.

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.