Cetera Investment Advisers Has $2.52 Million Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Key Points

• Cetera Investment Advisers increased its holdings in the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 14.7% in the first quarter, owning a total of 28,926 shares worth approximately $2.52 million.
• The Direxion NASDAQ-100 Equal Weighted Index Shares recently announced a quarterly dividend of $0.1422 per share, significantly up from its previous dividend of $0.06, indicating a positive change in shareholder returns.
• The current market cap of Direxion NASDAQ-100 Equal Weighted Index Shares stands at $1.23 billion, with a 52-week high of $100.94 and a 52-week low of $75.07.

Cetera Investment Advisers lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,926 shares of the company's stock after purchasing an additional 3,703 shares during the period. Cetera Investment Advisers owned 0.21% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,522,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Flagstar Advisors Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the 1st quarter. Flagstar Advisors Inc. now owns 12,892 shares of the company's stock worth $1,125,000 after acquiring an additional 137 shares during the last quarter. Mystic Asset Management Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the 1st quarter. Mystic Asset Management Inc. now owns 13,465 shares of the company's stock worth $1,174,000 after acquiring an additional 145 shares during the last quarter. First Heartland Consultants Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% during the 4th quarter. First Heartland Consultants Inc. now owns 3,414 shares of the company's stock worth $306,000 after acquiring an additional 202 shares during the last quarter. Beacon Pointe Advisors LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% during the 4th quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock worth $1,586,000 after acquiring an additional 205 shares during the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.3% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 3,701 shares of the company's stock worth $323,000 after acquiring an additional 284 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $97.97 on Thursday. The firm has a market cap of $1.23 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. The firm has a fifty day moving average price of $97.52 and a two-hundred day moving average price of $92.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company 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. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%. This is a positive change 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.