Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Purchased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares ($QQQE) by 0.6%, now owning about 5.09% of the ETF, valued at approximately $54.5 million.
• The fund has recently raised its quarterly dividend to $0.1422, reflecting an annualized dividend of $0.57 and a yield of 0.6%, up from the previous quarterly dividend of $0.06.
• Shares of $QQQE are currently priced at $98.42, with a market cap of $1.24 billion, and have experienced a fifty-two week trading range between $75.07 and $100.94.

Ameriprise Financial Inc. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 625,583 shares of the company's stock after acquiring an additional 3,853 shares during the quarter. Ameriprise Financial Inc. owned approximately 5.09% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $54,541,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of QQQE. PKO Investment Management Joint Stock Co bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $37,703,000. Bank of America Corp DE boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock valued at $81,335,000 after acquiring an additional 357,895 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $14,938,000. LeConte Wealth Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $10,162,000. Finally, Frisch Financial Group Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 38.2% during the 1st quarter. Frisch Financial Group Inc. now owns 240,535 shares of the company's stock valued at $20,972,000 after acquiring an additional 66,538 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ QQQE traded down $0.82 during midday trading on Tuesday, hitting $97.23. 167,812 shares of the company traded hands, compared to its average volume of 200,423. The company has a market cap of $1.23 billion, a PE ratio of 27.96 and a beta of 1.05. The company's 50-day simple moving average is $98.56 and its 200-day simple moving average is $93.17. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $100.94.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a dividend of $0.1422 per share. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.57 annualized dividend and a yield of 0.6%.

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.