AE Wealth Management LLC Trims Stake 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 trimmed its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 43.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PKO Investment Management Joint Stock Co purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $37,703,000. Bank of America Corp DE grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the fourth quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock valued at $81,335,000 after buying an additional 357,895 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $14,938,000. BNP Paribas Financial Markets grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% during the 4th quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock worth $17,954,000 after purchasing an additional 50,000 shares in the last quarter. Finally, GTS Securities LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 133.2% during the 4th quarter. GTS Securities LLC now owns 29,623 shares of the company's stock worth $2,658,000 after purchasing an additional 16,921 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.6%

Shares of NASDAQ QQQE traded down $0.57 during trading hours on Thursday, reaching $99.39. The stock had a trading volume of 91,520 shares, compared to its average volume of 206,947. The firm has a 50-day moving average of $97.08 and a 200-day moving average of $92.48. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $100.94.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

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

Direxion NASDAQ-100 Equal Weighted Index Shares 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.