Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $87.95 and last traded at $87.69, with a volume of 158316 shares traded. The stock had previously closed at $87.58.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 25.43 and a beta of 1.05. The business's 50 day moving average is $86.56 and its 200 day moving average is $90.81.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.28%.
Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mystic Asset Management Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the 1st quarter. Mystic Asset Management Inc. now owns 13,465 shares of the company's stock worth $1,174,000 after acquiring an additional 145 shares in the last quarter. Key Financial Inc purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth about $405,000. Curtis Advisory Group LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% during the 1st quarter. Curtis Advisory Group LLC now owns 18,166 shares of the company's stock worth $1,584,000 after purchasing an additional 3,107 shares during the last quarter. Gateway Wealth Partners LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 26,068 shares of the company's stock valued at $2,273,000 after buying an additional 635 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 7,660 shares of the company's stock worth $668,000 after buying an additional 511 shares during the last quarter.
About Direxion NASDAQ-100 Equal Weighted Index Shares
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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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