Cetera Investment Advisers Boosts Stake 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 increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 14.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,926 shares of the company's stock after buying an additional 3,703 shares during the quarter. Cetera Investment Advisers owned about 0.21% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,522,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock valued at $81,335,000 after purchasing an additional 357,895 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after purchasing an additional 8,600 shares during the last quarter. PKO Investment Management Joint Stock Co purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $37,703,000. Waddell & Associates LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock valued at $34,381,000 after purchasing an additional 8,548 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% in the 4th quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock valued at $17,954,000 after purchasing an additional 50,000 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE stock traded down $0.19 during midday trading on Friday, hitting $97.65. The company had a trading volume of 54,451 shares, compared to its average volume of 205,023. The company's 50 day simple moving average is $97.69 and its 200 day simple moving average is $92.76. 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 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 Increases Dividend

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

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.