Prism Advisors Inc. Invests $1.26 Million in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• Prism Advisors Inc. has taken a new position of $1.26 million in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), acquiring approximately 12,799 shares.
• The stock recently increased its quarterly dividend to $0.1422 per share, up from the previous dividend of $0.06, resulting in an annualized dividend of $0.57 and a yield of 0.6%.
• Direxion NASDAQ-100 Equal Weighted Index Shares has shown a 0.1% decrease in stock price, with a current value of $98.98 and a market cap of $1.25 billion.

Prism Advisors Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,799 shares of the company's stock, valued at approximately $1,258,000. Prism Advisors Inc. owned approximately 0.10% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company's stock valued at $3,633,000 after buying an additional 8,787 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $305,000. Royal Bank of Canada grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after purchasing an additional 8,600 shares during the last quarter. LeConte Wealth Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $10,162,000. Finally, LifeWealth Investments LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock valued at $1,130,000 after purchasing an additional 4,729 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock traded down $0.03 on Friday, hitting $100.85. 35,050 shares of the company's stock traded hands, compared to its average volume of 196,019. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $101.28. The company's fifty day simple moving average is $98.61 and its 200 day simple moving average is $93.50.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.1422 dividend. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%.

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.