Polar Asset Management Partners Inc. bought a new position 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 166,400 shares of the company's stock, valued at approximately $14,938,000. Polar Asset Management Partners Inc. owned about 1.15% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of QQQE. Bank of America Corp DE grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock valued at $81,335,000 after purchasing an additional 357,895 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $9,261,000. BNP Paribas Financial Markets lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% during the fourth quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock worth $17,954,000 after purchasing an additional 50,000 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% in the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock valued at $2,777,000 after purchasing an additional 24,040 shares during the period. Finally, Total Investment Management Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after buying an additional 24,002 shares during the period.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5%
Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.45 during mid-day trading on Friday, reaching $93.27. 154,360 shares of the company's stock were exchanged, compared to its average volume of 275,662. The company has a fifty day moving average of $87.79 and a 200-day moving average of $91.04. The company has a market cap of $1.29 billion, a P/E ratio of 26.33 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $97.98.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The company also recently announced 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 of this dividend was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.26%.
About Direxion NASDAQ-100 Equal Weighted Index Shares
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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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