Cannon Advisors Inc. Has $2.06 Million Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Cannon Advisors Inc. trimmed its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 40.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,675 shares of the company's stock after selling 16,061 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares comprises approximately 1.9% of Cannon Advisors Inc.'s holdings, making the stock its 19th largest position. Cannon Advisors Inc. owned 0.17% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,064,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE increased its holdings in 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 buying an additional 357,895 shares during the period. Royal Bank of Canada grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the fourth 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. PKO Investment Management Joint Stock Co bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $37,703,000. Waddell & Associates LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the fourth 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 boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the fourth 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 Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $1.00 on Friday, reaching $99.71. The company's stock had a trading volume of 72,961 shares, compared to its average volume of 266,829. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $99.71. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. The business's fifty day moving average price is $94.16 and its 200 day moving average price is $91.44.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

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