Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report)'s share price hit a new 52-week low on Friday . The stock traded as low as $80.82 and last traded at $81.64, with a volume of 2468 shares trading hands. The stock had previously closed at $83.92.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 7.0 %
The company has a 50 day simple moving average of $90.77 and a 200-day simple moving average of $91.59. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 26.69 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.30%.
Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares
A number of large investors have recently bought and sold shares of QQQE. Runnymede Capital Advisors Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $34,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $38,000.
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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