Bank of America Corp DE Has $71.34 Million Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• Bank of America increased its QQQE stake by 13.6% in the first quarter, adding 86,683 shares to hold 724,041 shares valued at approximately $71.34 million, or 6.46% of the ETF.
• Other institutions also adjusted their positions, with BNP Paribas Financial Markets nearly doubling its holdings and Ameriprise Financial maintaining a stake worth about $62.1 million.
• QQQE recently traded near its 52-week high at $121.96 and paid a quarterly dividend of $0.1895 per share, equivalent to an annualized $0.76 payout and a 0.6% yield.

Bank of America Corp DE boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 13.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 724,041 shares of the company's stock after buying an additional 86,683 shares during the quarter. Bank of America Corp DE owned approximately 6.46% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $71,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at approximately $413,000. Florida Financial Advisors LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.7% in the second quarter. Florida Financial Advisors LLC now owns 4,014 shares of the company's stock worth $396,000 after purchasing an additional 253 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 631,319 shares of the company's stock valued at $62,072,000 after acquiring an additional 5,736 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% during the second quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company's stock valued at $19,800,000 after purchasing an additional 100,000 shares in the last quarter. Finally, IHT Wealth Management LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth $475,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $121.96 on Monday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 27.96 and a beta of 1.08. The firm has a 50 day moving average of $119.16 and a 200-day moving average of $110.19. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $95.64 and a 1 year high of $123.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a dividend of $0.1895 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 23rd.

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.

Want to see what other hedge funds are holding QQQE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report).

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