LifeWealth Investments LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,233 shares of the company's stock, valued at approximately $739,000. LifeWealth Investments LLC owned about 0.06% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock worth $82,000 after purchasing an additional 787 shares during the last quarter. Merit Financial Group LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $253,000. Mutual Advisors LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 12.7% in the fourth quarter. Mutual Advisors LLC now owns 9,700 shares of the company's stock worth $891,000 after acquiring an additional 1,096 shares in the last quarter. RFG Advisory LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $495,000. Finally, SteelPeak Wealth LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $480,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
NASDAQ:QQQE traded down $0.14 during trading hours on Thursday, hitting $93.71. The company's stock had a trading volume of 128,725 shares, compared to its average volume of 276,107. The business's 50-day moving average is $87.73 and its two-hundred day moving average is $91.04. The company has a market capitalization of $1.29 billion, a PE ratio of 26.33 and a beta of 1.05. 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 company 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. This represents a $0.25 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend was Tuesday, March 25th.
Direxion NASDAQ-100 Equal Weighted Index Shares Profile
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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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