Ameriprise Financial Inc. reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 621,730 shares of the company's stock after selling 45,839 shares during the quarter. Ameriprise Financial Inc. owned approximately 4.46% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $55,801,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of QQQE. Raymond James Financial Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $9,261,000. Ameritas Advisory Services LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company's stock worth $3,641,000 after purchasing an additional 24,233 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% in the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock worth $2,777,000 after purchasing an additional 24,040 shares during the last quarter. Total Investment Management Inc. lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after purchasing an additional 24,002 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $1,636,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
NASDAQ QQQE traded up $0.21 during trading on Friday, hitting $94.91. The stock had a trading volume of 32,547 shares, compared to its average volume of 271,559. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 26.33 and a beta of 1.07. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $97.98. The stock has a 50 day simple moving average of $86.68 and a 200 day simple moving average of $90.88.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. This represents a $0.25 annualized dividend 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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