AE Wealth Management LLC Has $1.09 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Key Points

• AE Wealth Management LLC reduced its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 43.0% in the first quarter, with a remaining position valued at approximately $1.09 million.
• The firm announced an increase in its quarterly dividend to $0.1422, up from the previous $0.06, reflecting overall positive growth.
• As of the latest data, Direxion NASDAQ-100 Equal Weighted Index Shares has a market capitalization of $1.26 billion and a PE ratio of 27.96, with shares opening at $100.38 on Monday.

AE Wealth Management LLC lessened its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 43.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,464 shares of the company's stock after selling 9,411 shares during the period. AE Wealth Management LLC owned about 0.09% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,087,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $305,000. Royal Bank of Canada lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after purchasing an additional 8,600 shares during the period. LifeWealth Investments LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% in the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock worth $1,130,000 after purchasing an additional 4,729 shares during the period. Waddell & Associates LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock valued at $34,381,000 after purchasing an additional 8,548 shares during the last quarter. Finally, Cannon Advisors Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.9% during the fourth quarter. Cannon Advisors Inc. now owns 39,736 shares of the company's stock worth $3,567,000 after buying an additional 2,898 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.3%

Shares of NASDAQ QQQE opened at $100.38 on Monday. The company has a market capitalization of $1.26 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $100.43. The firm has a fifty day simple moving average of $96.75 and a 200 day simple moving average of $92.30.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were given a $0.1422 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 annualized dividend and a dividend yield of 0.57%.

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.

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