Ameriprise Financial Inc. reduced its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 621,730 shares of the company's stock after selling 45,839 shares during the quarter. Ameriprise Financial Inc. owned 4.46% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $55,801,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of QQQE. Raymond James Financial Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $9,261,000. Ameritas Advisory Services LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company's stock valued at $3,641,000 after buying an additional 24,233 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% during the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock worth $2,777,000 after buying an additional 24,040 shares during the period. Total Investment Management Inc. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock valued at $61,500,000 after purchasing an additional 24,002 shares during the last quarter. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $1,636,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of QQQE stock traded up $0.10 during trading on Thursday, hitting $94.48. 93,994 shares of the stock traded hands, compared to its average volume of 273,060. The firm's fifty day moving average price is $86.55 and its 200-day moving average price is $90.85. The firm has a market capitalization of $1.16 billion, a P/E ratio of 26.33 and a beta of 1.07. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $97.98.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, March 25th.
About Direxion NASDAQ-100 Equal Weighted Index Shares
(
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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