Key Financial Inc bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 4,649 shares of the company's stock, valued at approximately $405,000.
A number of other hedge funds have also made changes to their positions in QQQE. Runnymede Capital Advisors Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $26,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $43,000. American Capital Advisory LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth about $46,000. Finally, KCM Investment Advisors LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $205,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5%
NASDAQ:QQQE traded down $0.49 during mid-day trading on Friday, reaching $98.47. 61,573 shares of the company were exchanged, compared to its average volume of 262,626. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $99.71. The company has a fifty day moving average of $95.26 and a 200 day moving average of $91.70. The stock has a market cap of $1.23 billion, a PE ratio of 27.96 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.1422 per share. The ex-dividend date was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a yield of 0.58%. 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
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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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