SOL Capital Management CO boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 7.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,995 shares of the company's stock after acquiring an additional 3,555 shares during the period. SOL Capital Management CO owned 0.36% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,446,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQE. Runnymede Capital Advisors Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $34,000. Heck Capital Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $43,000. Global Retirement Partners LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 42.1% in the fourth quarter. Global Retirement Partners LLC now owns 1,709 shares of the company's stock worth $153,000 after acquiring an additional 506 shares during the period. Finally, Kovack Advisors Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $205,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.2%
Shares of NASDAQ:QQQE traded up $0.19 during midday trading on Friday, reaching $97.51. The company's stock had a trading volume of 40,530 shares, compared to its average volume of 270,364. The firm has a market capitalization of $1.35 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $98.08. The stock has a fifty day moving average of $92.67 and a 200 day moving average of $91.23.
Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be paid a $0.1422 dividend. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.58%. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06.
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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