JPMorgan Chase & Co. Boosts Stake in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• JPMorgan boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 13,007.3% in Q3, buying 19,511 shares to hold 19,661 shares (about 0.16% of the fund) valued at $1,998,000.
• Other institutions also adjusted positions—several firms initiated small stakes and American Capital Advisory raised its holding by 63.5% to 1,295 shares (≈$132,000), while Key Client Fiduciary Advisors bought about $204,000 worth.
• QQQE paid a quarterly dividend of $0.1627 per share (annualized $0.65, yield 0.7%), and the fund has a market cap of $1.15 billion, a P/E of 27.96, and a 52-week range of $75.86–$107.06.

JPMorgan Chase & Co. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 13,007.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,661 shares of the company's stock after buying an additional 19,511 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,998,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $29,000. Caldwell Trust Co purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $49,000. Optiver Holding B.V. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at $66,000. American Capital Advisory LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 63.5% during the 3rd quarter. American Capital Advisory LLC now owns 1,295 shares of the company's stock valued at $132,000 after buying an additional 503 shares in the last quarter. Finally, Key Client Fiduciary Advisors LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at $204,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $99.69 on Wednesday. The firm's fifty day moving average price is $101.63 and its 200-day moving average price is $102.34. The stock has a market cap of $1.15 billion, a P/E ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.86 and a fifty-two week high of $107.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1627 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 0.7%.

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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