Envestnet Asset Management Inc. Cuts Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Envestnet Asset Management Inc. decreased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 195,445 shares of the company's stock after selling 4,213 shares during the period. Envestnet Asset Management Inc. owned approximately 1.40% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $17,545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Dana Investment Advisors Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,394 shares of the company's stock valued at $664,000 after purchasing an additional 112 shares during the last quarter. Kaydan Wealth Management Inc. increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.6% in the fourth quarter. Kaydan Wealth Management Inc. now owns 2,411 shares of the company's stock worth $216,000 after buying an additional 127 shares during the period. Tilia Fiduciary Partners Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company's stock valued at $396,000 after buying an additional 139 shares during the last quarter. Flagstar Advisors Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% during the 4th quarter. Flagstar Advisors Inc. now owns 12,755 shares of the company's stock valued at $1,145,000 after buying an additional 170 shares during the period. Finally, CAP Partners LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% in the 4th quarter. CAP Partners LLC now owns 55,323 shares of the company's stock worth $4,966,000 after acquiring an additional 196 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.33 during midday trading on Friday, reaching $82.46. 355,472 shares of the company's stock traded hands, compared to its average volume of 273,377. The company has a market cap of $1.16 billion, a PE ratio of 25.43 and a beta of 1.07. The stock has a 50 day moving average of $88.70 and a 200-day moving average of $91.18. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Tuesday, March 25th.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.