4,149 Shares in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Acquired by Western Wealth Management LLC

Western Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,149 shares of the company's stock, valued at approximately $362,000.

A number of other hedge funds also recently bought and sold shares of the company. Runnymede Capital Advisors Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $34,000. Heck Capital Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $43,000. KCM Investment Advisors LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $205,000. Finally, Kovack Advisors Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $205,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE traded up $0.80 on Monday, reaching $98.31. The company's stock had a trading volume of 72,398 shares, compared to its average volume of 269,572. The stock's 50 day simple moving average is $92.67 and its two-hundred day simple moving average is $91.23. The stock has a market capitalization of $1.36 billion, a P/E ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $98.36.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business 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. This represents a $0.57 annualized dividend 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. The ex-dividend date of this dividend is Tuesday, June 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.