Key Financial Inc Invests $405,000 in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Key Financial Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,649 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds have also recently made changes to their positions in QQQE. Flagstar Advisors Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the first quarter. Flagstar Advisors Inc. now owns 12,892 shares of the company's stock valued at $1,125,000 after purchasing an additional 137 shares during the period. First Heartland Consultants Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% in the fourth quarter. First Heartland Consultants Inc. now owns 3,414 shares of the company's stock valued at $306,000 after purchasing an additional 202 shares during the period. Beacon Pointe Advisors LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock valued at $1,586,000 after purchasing an additional 205 shares during the period. Retirement Planning Co of New England Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Retirement Planning Co of New England Inc. now owns 7,163 shares of the company's stock valued at $643,000 after purchasing an additional 249 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8.3% in the first quarter. DHJJ Financial Advisors Ltd. now owns 3,701 shares of the company's stock valued at $323,000 after purchasing an additional 284 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.08 during midday trading on Wednesday, reaching $98.26. 100,906 shares of the stock were exchanged, compared to its average volume of 257,574. The company's fifty day moving average is $95.64 and its 200-day moving average is $91.79. The firm 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 has a 52 week low of $75.07 and a 52 week high of $99.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a dividend of $0.1422 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.58%. 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.

Direxion NASDAQ-100 Equal Weighted Index Shares Profile

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.