D.A. Davidson & CO. Sells 3,022 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

D.A. Davidson & CO. lowered its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund 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 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in QQQE. Bank of America Corp DE boosted its position in shares of 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 valued at $81,335,000 after acquiring an additional 357,895 shares during the period. Royal Bank of Canada grew its position in shares of 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 worth $37,873,000 after buying an additional 8,600 shares during the period. PKO Investment Management Joint Stock Co acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $37,703,000. Waddell & Associates LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during 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 in the last quarter. Finally, LPL Financial LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the 4th quarter. LPL Financial LLC now owns 262,922 shares of the company's stock valued at $23,603,000 after acquiring an additional 5,090 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ QQQE traded down $0.49 during trading on Friday, hitting $98.47. The stock had a trading volume of 61,573 shares, compared to its average volume of 262,530. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $100.39. The company has a market capitalization of $1.23 billion, a PE ratio of 27.96 and a beta of 1.05. The company's 50-day moving average price is $95.08 and its two-hundred day moving average price is $91.66.

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 dividend of $0.1422 per share. The ex-dividend date was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.58%. 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 Company 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.