Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Bought by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its stake in the Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 20.6%, acquiring an additional 54,238 shares for a total of approximately $27.65 million in holdings.
• The fund recently declared a quarterly dividend of $0.1422 per share, representing an annualized dividend of $0.57 and a yield of 0.6%.
• Other notable institutional investors also increased their positions, with Renaissance Technologies LLC boosting its stake by 93.0% during the fourth quarter.

LPL Financial LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 20.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,160 shares of the company's stock after acquiring an additional 54,238 shares during the quarter. LPL Financial LLC owned approximately 2.30% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $27,653,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQE. Flagstar Advisors Inc. boosted its holdings in 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. Mystic Asset Management Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the first quarter. Mystic Asset Management Inc. now owns 13,465 shares of the company's stock valued at $1,174,000 after purchasing an additional 145 shares during the period. First Heartland Consultants Inc. boosted its holdings in 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 boosted its holdings in 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. Finally, DHJJ Financial Advisors Ltd. boosted its holdings in 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 Down 0.2%

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.24 during midday trading on Friday, reaching $97.60. The company's stock had a trading volume of 40,710 shares, compared to its average volume of 204,926. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $100.94. The company has a market cap of $1.23 billion, a P/E ratio of 27.96 and a beta of 1.05. The business has a 50-day simple moving average of $97.60 and a 200-day simple moving average of $92.75.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders 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 was Tuesday, June 24th.

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.