Polar Asset Management Partners Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 166,400 shares of the company's stock, valued at approximately $14,938,000. Polar Asset Management Partners Inc. owned 1.15% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. Total Investment Management Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after purchasing an additional 24,002 shares in the last quarter. Gateway Wealth Partners LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% during the 4th quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company's stock worth $2,283,000 after buying an additional 3,671 shares during the last quarter. Weil Company Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $375,000. Merit Financial Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $253,000. Finally, Hickory Asset Management Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $290,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.6%
Shares of QQQE stock traded down $0.59 during mid-day trading on Wednesday, hitting $93.85. 232,781 shares of the stock were exchanged, compared to its average volume of 277,050. The company has a market cap of $1.30 billion, a PE ratio of 26.33 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 $97.98. The firm has a fifty day moving average of $87.63 and a 200 day moving average of $91.03.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.0614 dividend. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.26%.
Direxion NASDAQ-100 Equal Weighted Index Shares Profile
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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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