LifeWealth Investments LLC Grows Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

LifeWealth Investments LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 57.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,962 shares of the company's stock after buying an additional 4,729 shares during the period. LifeWealth Investments LLC owned approximately 0.09% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,130,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bank of America Corp DE lifted its holdings 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 worth $81,335,000 after purchasing an additional 357,895 shares in the last quarter. Royal Bank of Canada lifted its holdings 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 worth $37,873,000 after purchasing an additional 8,600 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $37,703,000. Waddell & Associates LLC lifted its holdings 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 in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of 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 worth $23,603,000 after purchasing an additional 5,090 shares in the last quarter.

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

Shares of QQQE traded down $0.26 during trading hours on Friday, reaching $94.88. The stock had a trading volume of 55,769 shares, compared to its average volume of 269,979. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $97.98. The firm has a 50-day simple moving average of $91.28 and a 200 day simple moving average of $91.20. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Tuesday, March 25th.

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.