Waverly Advisors LLC Makes New $1.04 Million Investment in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Waverly Advisors LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 11,546 shares of the company's stock, valued at approximately $1,036,000. Waverly Advisors LLC owned approximately 0.08% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after acquiring an additional 8,600 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $14,938,000. Private Capital Management LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 15.3% during the 4th quarter. Private Capital Management LLC now owns 4,493 shares of the company's stock valued at $403,000 after buying an additional 596 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the 4th quarter. Cetera Investment Advisers now owns 25,223 shares of the company's stock valued at $2,264,000 after buying an additional 1,175 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock valued at $81,335,000 after buying an additional 357,895 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.38 during trading on Thursday, hitting $93.47. 65,828 shares of the stock traded hands, compared to its average volume of 276,227. The stock has a market cap of $1.29 billion, a P/E ratio of 26.33 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 $97.98. The company has a fifty day moving average price of $87.73 and a two-hundred day moving average price of $91.04.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a dividend 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.