Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report)'s share price reached a new 52-week high during trading on Friday . The stock traded as high as $98.08 and last traded at $97.89, with a volume of 9504 shares trading hands. The stock had previously closed at $97.32.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.8%
The company has a 50 day moving average price of $92.67 and a 200-day moving average price of $91.23. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be given a $0.1422 dividend. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, June 24th.
Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
A number of hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $305,000. Royal Bank of Canada increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after purchasing an additional 8,600 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at approximately $34,000. LifeWealth Investments LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock worth $1,130,000 after purchasing an additional 4,729 shares during the last quarter. Finally, Waddell & Associates LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock worth $34,381,000 after purchasing an additional 8,548 shares during the period.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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Get 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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