Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 65.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 906,043 shares of the company's stock after purchasing an additional 357,895 shares during the quarter. Bank of America Corp DE owned approximately 6.49% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $81,335,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $34,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.7%

Shares of QQQE stock traded up $0.68 on Friday, hitting $95.38. The stock had a trading volume of 116,500 shares, compared to its average volume of 273,656. The business has a 50 day moving average price of $86.85 and a 200 day moving average price of $90.90. The company has a market cap of $1.32 billion, a PE ratio of 26.33 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company 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 was Tuesday, March 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.26%.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.