BNP Paribas Financial Markets Has $17.95 Million Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

BNP Paribas Financial Markets grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 33.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 200,000 shares of the company's stock after buying an additional 50,000 shares during the quarter. BNP Paribas Financial Markets owned approximately 1.43% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $17,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Comerica Bank grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the 4th quarter. Comerica Bank now owns 14,981 shares of the company's stock worth $1,345,000 after acquiring an additional 394 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% in the 4th quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock valued at $1,586,000 after acquiring an additional 205 shares in the last quarter. Beck Capital Management LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% in the 4th quarter. Beck Capital Management LLC now owns 22,363 shares of the company's stock valued at $2,008,000 after acquiring an additional 591 shares in the last quarter. Tradition Wealth Management LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 10.8% in the fourth quarter. Tradition Wealth Management LLC now owns 17,996 shares of the company's stock worth $1,615,000 after acquiring an additional 1,747 shares during the last quarter. Finally, Regal Investment Advisors LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.4% during the fourth quarter. Regal Investment Advisors LLC now owns 21,189 shares of the company's stock worth $1,902,000 after purchasing an additional 4,292 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.5%

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.49 during midday trading on Thursday, reaching $94.87. The company had a trading volume of 73,018 shares, compared to its average volume of 272,972. The stock has a fifty day simple moving average of $86.55 and a 200 day simple moving average of $90.85. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $97.98. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 26.33 and a beta of 1.07.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.