Migdal Insurance & Financial Holdings Ltd. Has $784,000 Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Migdal Insurance & Financial Holdings Ltd. lessened its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 49.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,988 shares of the company's stock after selling 8,752 shares during the period. Migdal Insurance & Financial Holdings Ltd. owned 0.07% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $784,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in QQQE. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at about $305,000. Royal Bank of Canada lifted 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 purchasing an additional 8,600 shares during the period. LifeWealth Investments LLC boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the first quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock worth $1,130,000 after purchasing an additional 4,729 shares in the last quarter. Waddell & Associates LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock worth $34,381,000 after buying an additional 8,548 shares in the last quarter. Finally, Cannon Advisors Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.9% in the fourth quarter. Cannon Advisors Inc. now owns 39,736 shares of the company's stock valued at $3,567,000 after purchasing an additional 2,898 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock traded up $0.37 during mid-day trading on Tuesday, reaching $99.91. 150,396 shares of the company were exchanged, compared to its average volume of 248,678. The company has a market capitalization 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 fifty-two week low of $75.07 and a fifty-two week high of $100.29. The business's 50 day simple moving average is $96.19 and its 200 day simple moving average is $91.99.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.1422 dividend. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 dividend on an annualized basis 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.