LPL Financial LLC boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 317,160 shares of the company's stock after purchasing an additional 54,238 shares during the period. LPL Financial LLC owned about 2.30% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $27,653,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the first 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 in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $43,000. American Capital Advisory LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $46,000. KCM Investment Advisors LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $205,000. Finally, BridgePort Financial Solutions LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $207,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.8%
Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.81 during trading on Tuesday, hitting $97.58. The stock had a trading volume of 96,921 shares, compared to its average volume of 207,260. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $100.94. The business's 50-day moving average is $97.37 and its 200 day moving average is $92.64.
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 paid a $0.1422 dividend. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 24th.
About Direxion NASDAQ-100 Equal Weighted Index Shares
(
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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