420,000 Shares in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 420,000 shares of the company's stock, valued at approximately $37,703,000. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 4.7% of PKO Investment Management Joint Stock Co's investment portfolio, making the stock its 3rd biggest position. PKO Investment Management Joint Stock Co owned approximately 3.01% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Total Investment Management Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock valued at $61,500,000 after acquiring an additional 24,002 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% during the fourth quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company's stock valued at $2,283,000 after acquiring an additional 3,671 shares in the last quarter. Weil Company Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $375,000. Hickory Asset Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $290,000. Finally, RFG Advisory LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $495,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5%

Shares of QQQE traded down $0.46 during mid-day trading on Friday, hitting $93.25. 215,259 shares of the company traded hands, compared to its average volume of 275,815. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $97.98. The company has a market capitalization of $1.29 billion, a PE ratio of 26.33 and a beta of 1.05. The business has a 50 day moving average of $87.83 and a 200 day moving average of $91.01.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.0614 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.26%.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.