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 filing with the Securities and Exchange Commission. The fund 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 reporting period.
A number of other hedge funds also recently bought and sold shares of QQQE. JPMorgan Chase & Co. raised its holdings 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 worth $82,000 after buying an additional 787 shares during the last quarter. Merit Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $253,000. Mutual Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 12.7% in the 4th quarter. Mutual Advisors LLC now owns 9,700 shares of the company's stock worth $891,000 after acquiring an additional 1,096 shares during the last quarter. RFG Advisory LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $495,000. Finally, SteelPeak Wealth LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $480,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.6%
Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.59 on Wednesday, reaching $93.85. The company's stock had a trading volume of 232,531 shares, compared to its average volume of 276,256. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $97.98. The firm's fifty day simple moving average is $87.63 and its two-hundred day simple moving average is $91.03. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given 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 Company 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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