Royal Bank of Canada Grows Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Royal Bank of Canada increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 421,882 shares of the company's stock after buying an additional 8,600 shares during the period. Royal Bank of Canada owned 3.02% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $37,873,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Dana Investment Advisors Inc. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,394 shares of the company's stock valued at $664,000 after purchasing an additional 112 shares during the period. Flagstar Advisors Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% during the fourth quarter. Flagstar Advisors Inc. now owns 12,755 shares of the company's stock worth $1,145,000 after acquiring an additional 170 shares in the last quarter. CAP Partners LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% during the fourth quarter. CAP Partners LLC now owns 55,323 shares of the company's stock valued at $4,966,000 after purchasing an additional 196 shares in the last quarter. Beacon Pointe Advisors LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% during the fourth quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock valued at $1,586,000 after purchasing an additional 205 shares during the last quarter. Finally, Focus Financial Network Inc. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% in the 4th quarter. Focus Financial Network Inc. now owns 7,043 shares of the company's stock worth $632,000 after buying an additional 239 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock traded down $0.09 during trading on Wednesday, hitting $94.35. 11,380 shares of the stock traded hands, compared to its average volume of 275,379. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05. The firm's 50 day moving average is $87.63 and its two-hundred day moving average is $91.03. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business 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 dividend on an annualized basis and a yield of 0.26%.

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.