Royal Bank of Canada lessened its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 26.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 310,239 shares of the company's stock after selling 111,643 shares during the period. Royal Bank of Canada owned about 2.52% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $27,049,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after acquiring an additional 300 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $43,000. American Capital Advisory LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth approximately $46,000. BridgePort Financial Solutions LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $207,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $212,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of NASDAQ:QQQE traded up $0.25 during midday trading on Tuesday, hitting $98.57. The company had a trading volume of 100,994 shares, compared to its average volume of 198,931. The company has a fifty day moving average of $98.60 and a two-hundred day moving average of $93.20. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $100.94. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a $0.1422 dividend. This represents a $0.57 annualized dividend and a yield of 0.6%. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 24th.
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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