Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 12-Month High - Still a Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $98.08 and last traded at $97.89, with a volume of 9504 shares. The stock had previously closed at $97.32.

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

The stock's fifty day moving average price is $92.37 and its 200-day moving average price is $91.27. The company has a market capitalization of $1.35 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 paid a $0.1422 dividend. This is a positive change 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 is Tuesday, June 24th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several institutional investors and hedge funds have recently bought and sold shares of QQQE. PKO Investment Management Joint Stock Co acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $37,703,000. Bank of America Corp DE lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after purchasing an additional 357,895 shares during the period. B&D White Capital Company LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $20,307,000. Polar Asset Management Partners Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $14,938,000. Finally, LeConte Wealth Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $10,162,000.

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.

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