Total Investment Management Inc. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 718,322 shares of the company's stock after purchasing an additional 33,237 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 8.2% of Total Investment Management Inc.'s portfolio, making the stock its 7th largest holding. Total Investment Management Inc. owned about 5.21% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $62,630,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of QQQE. Orion Portfolio Solutions LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 4,106 shares of the company's stock worth $369,000 after purchasing an additional 570 shares during the period. KCM Investment Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $205,000. Renaissance Technologies LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 93.0% in the fourth quarter. Renaissance Technologies LLC now owns 11,000 shares of the company's stock valued at $987,000 after buying an additional 5,300 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 54.8% in the fourth quarter. Advisory Services Network LLC now owns 8,907 shares of the company's stock valued at $800,000 after buying an additional 3,153 shares in the last quarter. Finally, Waddell & Associates LLC grew its stake in shares of 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 valued at $34,381,000 after buying an additional 8,548 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
Shares of QQQE stock traded down $0.19 during trading hours on Friday, reaching $97.65. The company had a trading volume of 54,451 shares, compared to its average volume of 205,023. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $100.94. The company has a market capitalization of $1.23 billion, a P/E ratio of 27.96 and a beta of 1.05. The stock's fifty day simple moving average is $97.69 and its 200 day simple moving average is $92.77.
Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.1422 dividend. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 24th.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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Free Report)
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.
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