Royal Bank of Canada Acquires 8,600 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Royal Bank of Canada lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 421,882 shares of the company's stock after purchasing an additional 8,600 shares during the quarter. Royal Bank of Canada owned 3.02% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $37,873,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of QQQE. JPMorgan Chase & Co. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% in the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock valued at $82,000 after purchasing an additional 787 shares during the last quarter. Merit Financial Group LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $253,000. Global Trust Asset Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $38,000. Mutual Advisors LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 12.7% in the fourth quarter. Mutual Advisors LLC now owns 9,700 shares of the company's stock valued at $891,000 after purchasing an additional 1,096 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $495,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $1.85 during midday trading on Tuesday, reaching $94.58. The company had a trading volume of 38,654 shares, compared to its average volume of 276,211. The stock has a fifty day moving average price of $87.52 and a 200 day moving average price of $91.00. The firm has a market cap of $1.31 billion, a PE ratio of 26.33 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, March 25th.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.