Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Plans Quarterly Dividend of $0.16

Key Points

• Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) declared a quarterly dividend of $0.1627 per share payable March 31 to holders of record on March 24, with an implied annualized yield of about 0.7% (ex-dividend date March 24).
• QQQE traded down 1.1% to $98.81 on Tuesday on volume of 629,888 shares (vs. average 304,075), and the ETF has a market cap of $1.17 billion, a P/E of 27.96, and a 1-year range of $75.07–$107.06.
• The fund tracks an equal-weighted version of the NASDAQ-100, is managed by Direxion, and was launched on March 21, 2012.

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be given a dividend of 0.1627 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, March 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.1%

NASDAQ:QQQE traded down $1.09 during trading hours on Tuesday, reaching $98.81. 629,888 shares of the company's stock were exchanged, compared to its average volume of 304,075. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company has a 50-day moving average of $102.95 and a 200 day moving average of $102.38. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $107.06.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.