Presidio Capital Management LLC lowered its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 49.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,968 shares of the company's stock after selling 2,917 shares during the quarter. Presidio Capital Management LLC's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $259,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in QQQE. Total Investment Management Inc. lifted its holdings 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 valued at $61,500,000 after buying an additional 24,002 shares in the last quarter. Weil Company Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $375,000. Hickory Asset Management Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $290,000. Strategic Financial Concepts LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $1,636,000. Finally, Royal Bank of Canada grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% in the fourth quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after purchasing an additional 8,600 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
NASDAQ QQQE traded up $0.44 on Wednesday, reaching $95.59. 32,641 shares of the stock traded hands, compared to its average volume of 273,270. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $97.98. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 26.33 and a beta of 1.06. The company has a fifty day moving average price of $88.04 and a 200-day moving average price of $91.06.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The company also recently disclosed 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 dividend 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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