Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Stock Position Raised by Waddell & Associates LLC

Key Points

• Waddell & Associates LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 1.0%, holding 386,838 shares as of the end of the first quarter.
• The stock recently reached a fifty-two week high of $100.43 and has a current market capitalization of $1.26 billion.
• Direxion announced an increase in its quarterly dividend to $0.1422 per share, a rise from the previous dividend of $0.06.

Waddell & Associates LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 386,838 shares of the company's stock after purchasing an additional 3,845 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up about 4.1% of Waddell & Associates LLC's holdings, making the stock its 11th largest position. Waddell & Associates LLC owned 3.15% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $33,728,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. grew its holdings 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 worth $27,000 after buying an additional 300 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $43,000. American Capital Advisory LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth about $46,000. KCM Investment Advisors LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $205,000. Finally, BridgePort Financial Solutions LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $207,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE traded down $1.20 during mid-day trading on Thursday, reaching $98.76. The stock had a trading volume of 108,804 shares, compared to its average volume of 207,057. The firm has a market capitalization 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 has a twelve month low of $75.07 and a twelve month high of $100.94. The business has a 50 day simple moving average of $97.08 and a 200 day simple moving average of $92.48.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a $0.1422 dividend. 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 0.58%. This is an increase from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06.

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.