Migdal Insurance & Financial Holdings Ltd. Sells 8,752 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Migdal Insurance & Financial Holdings Ltd. lowered its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 49.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,988 shares of the company's stock after selling 8,752 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned 0.07% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $784,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Mystic Asset Management Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the 1st quarter. Mystic Asset Management Inc. now owns 13,465 shares of the company's stock valued at $1,174,000 after acquiring an additional 145 shares during the period. Key Financial Inc purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $405,000. Curtis Advisory Group LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% in the 1st quarter. Curtis Advisory Group LLC now owns 18,166 shares of the company's stock worth $1,584,000 after buying an additional 3,107 shares during the period. Gateway Wealth Partners LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the 1st quarter. Gateway Wealth Partners LLC now owns 26,068 shares of the company's stock worth $2,273,000 after buying an additional 635 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.1% in the 1st quarter. Bank of New York Mellon Corp now owns 7,660 shares of the company's stock worth $668,000 after buying an additional 511 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.1%

Shares of NASDAQ QQQE traded down $0.05 during mid-day trading on Friday, reaching $99.13. 64,238 shares of the company were exchanged, compared to its average volume of 249,947. The firm has a 50-day moving average of $96.19 and a 200 day moving average of $91.98. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $99.73. The stock has a market cap of $1.25 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 declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a dividend of $0.1422 per share. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a yield of 0.57%. This is an increase 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.