Ameritas Advisory Services LLC Sells 18,560 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Ameritas Advisory Services LLC trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 45.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,002 shares of the company's stock after selling 18,560 shares during the period. Ameritas Advisory Services LLC owned approximately 0.16% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Kovack Advisors Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $205,000. Jones Financial Companies Lllp boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% during the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock worth $2,777,000 after purchasing an additional 24,040 shares during the period. SBI Securities Co. Ltd. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $34,000. Dana Investment Advisors Inc. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% during 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $9,261,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.0%

QQQE stock traded up $1.00 during midday trading on Thursday, reaching $99.71. The company had a trading volume of 72,961 shares, compared to its average volume of 266,885. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $99.72. The company has a 50 day moving average of $93.63 and a two-hundred day moving average of $91.36. The company has a market capitalization of $1.38 billion, a P/E ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

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

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.