D.A. Davidson & CO. Cuts Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

D.A. Davidson & CO. trimmed its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,068 shares of the company's stock after selling 3,022 shares during the period. D.A. Davidson & CO. owned 0.17% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQE. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $305,000. Royal Bank of Canada lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after acquiring an additional 8,600 shares during the period. SBI Securities Co. Ltd. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $34,000. LifeWealth Investments LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock valued at $1,130,000 after acquiring an additional 4,729 shares during the period. Finally, Waddell & Associates LLC lifted 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 worth $34,381,000 after purchasing an additional 8,548 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE traded up $0.45 during trading on Tuesday, hitting $99.11. The company's stock had a trading volume of 233,677 shares, compared to its average volume of 225,598. The company has a 50-day moving average of $94.39 and a 200-day moving average of $91.49. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $99.71. 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 Increases Dividend

The firm 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 represents a $0.57 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Tuesday, June 24th. This is a boost 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.