Wealth Enhancement Advisory Services LLC Invests $305,000 in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,399 shares of the company's stock, valued at approximately $305,000.

Several other large investors have also modified their holdings of the stock. PKO Investment Management Joint Stock Co bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $37,703,000. BridgePort Financial Solutions LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $207,000. LifeWealth Investments LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $739,000. Heck Capital Advisors LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $43,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $14,938,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.6%

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $1.59 during midday trading on Friday, hitting $94.84. The company's stock had a trading volume of 370,365 shares, compared to its average volume of 271,022. The firm has a market capitalization of $1.31 billion, a P/E ratio of 26.33 and a beta of 1.05. The stock has a 50-day simple moving average of $89.99 and a 200-day simple moving average of $91.20. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were given a $0.0614 dividend. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.26%.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.