CAP Partners LLC Reduces Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

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CAP Partners LLC cut its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 41.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,372 shares of the company's stock after selling 22,951 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up about 2.0% of CAP Partners LLC's holdings, making the stock its 15th largest holding. CAP Partners LLC owned approximately 0.23% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. PKO Investment Management Joint Stock Co purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $37,703,000. Bank of America Corp DE grew its position in 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 worth $81,335,000 after acquiring an additional 357,895 shares during the period. Polar Asset Management Partners Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $14,938,000. LPL Financial LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% during the first quarter. LPL Financial LLC now owns 317,160 shares of the company's stock worth $27,653,000 after purchasing an additional 54,238 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% during the fourth 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.

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

NASDAQ:QQQE opened at $99.96 on Thursday. The stock's fifty day moving average is $97.08 and its two-hundred day moving average is $92.48. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $100.94. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.1422 dividend. This is a boost 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%. The ex-dividend date was Tuesday, June 24th.

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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