HighTower Advisors LLC Has $7.21 Million Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

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HighTower Advisors LLC lowered its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 8.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 82,633 shares of the company's stock after selling 7,749 shares during the period. HighTower Advisors LLC owned approximately 0.67% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $7,205,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $305,000. Royal Bank of Canada boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after acquiring an additional 8,600 shares in the last quarter. LifeWealth Investments LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock worth $1,130,000 after acquiring an additional 4,729 shares in the last quarter. Key Financial Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $405,000. Finally, Cetera Investment Advisers boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% during the 1st quarter. Cetera Investment Advisers now owns 28,926 shares of the company's stock worth $2,522,000 after acquiring an additional 3,703 shares in the last quarter.

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

NASDAQ QQQE opened at $98.44 on Tuesday. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. The firm's 50 day simple moving average is $98.07 and its 200 day simple moving average is $92.95. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $100.94.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were paid a $0.1422 dividend. This represents a $0.57 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 24th. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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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