HighTower Advisors LLC cut its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 8.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,633 shares of the company's stock after selling 7,749 shares during the quarter. HighTower Advisors LLC owned about 0.67% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $7,205,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Legacy Capital Group California Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the first quarter. Legacy Capital Group California Inc. now owns 17,409 shares of the company's stock valued at $1,518,000 after buying an additional 193 shares during the last quarter. Total Investment Management Inc. raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the 1st quarter. Total Investment Management Inc. now owns 718,322 shares of the company's stock valued at $62,630,000 after purchasing an additional 33,237 shares during the period. LPL Financial LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% during the 1st quarter. LPL Financial LLC now owns 317,160 shares of the company's stock valued at $27,653,000 after purchasing an additional 54,238 shares during the period. Waddell & Associates LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.0% in the 1st quarter. Waddell & Associates LLC now owns 386,838 shares of the company's stock worth $33,728,000 after acquiring an additional 3,845 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% in 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 during the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $1.68 on Friday, reaching $98.90. The company had a trading volume of 481,107 shares, compared to its average volume of 202,620. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. The firm's 50-day moving average price is $98.22 and its two-hundred day moving average price is $93.04. 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 announced 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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date of this dividend 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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