Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. cut its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 44.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 108,415 shares of the company's stock after selling 87,030 shares during the period. Envestnet Asset Management Inc. owned approximately 0.78% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $9,453,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Runnymede Capital Advisors Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $26,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after purchasing an additional 300 shares during the period. Heck Capital Advisors LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $43,000. American Capital Advisory LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at approximately $46,000. Finally, KCM Investment Advisors LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $205,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.2%

QQQE traded down $0.24 during trading hours on Thursday, hitting $100.08. 53,485 shares of the company's stock were exchanged, compared to its average volume of 212,220. The firm has a market cap of $1.26 billion, a P/E ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $100.40. The firm has a 50 day moving average of $96.65 and a 200 day moving average of $92.22.

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 given 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 0.57%. This is a positive change 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.