Tower Research Capital LLC TRC Sells 9,596 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Tower Research Capital LLC TRC lowered its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 48.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,166 shares of the company's stock after selling 9,596 shares during the period. Tower Research Capital LLC TRC owned about 0.07% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $913,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Tradition Wealth Management LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 10.8% in the fourth quarter. Tradition Wealth Management LLC now owns 17,996 shares of the company's stock valued at $1,615,000 after acquiring an additional 1,747 shares during the last quarter. Regal Investment Advisors LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.4% in the 4th quarter. Regal Investment Advisors LLC now owns 21,189 shares of the company's stock valued at $1,902,000 after purchasing an additional 4,292 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,668 shares of the company's stock worth $778,000 after buying an additional 732 shares during the period. Waddell & Associates LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock worth $34,381,000 after buying an additional 8,548 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 54.8% during the fourth quarter. Advisory Services Network LLC now owns 8,907 shares of the company's stock worth $800,000 after buying an additional 3,153 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.6 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.55 during trading hours on Thursday, reaching $88.24. 39,354 shares of the company's stock were exchanged, compared to its average volume of 274,682. The firm's 50 day simple moving average is $86.87 and its 200 day simple moving average is $90.88. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $97.98. The firm has a market capitalization of $1.23 billion, a PE ratio of 25.43 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 $0.0614 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%.

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.