Western Wealth Management LLC Buys Shares of 4,149 Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

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

Several other large investors have also recently bought and sold shares of the company. SOL Capital Management CO increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.5% in the first quarter. SOL Capital Management CO now owns 50,995 shares of the company's stock valued at $4,446,000 after buying an additional 3,555 shares during the period. White Pine Investment CO grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.6% during the 1st quarter. White Pine Investment CO now owns 33,675 shares of the company's stock worth $2,936,000 after acquiring an additional 2,367 shares during the last quarter. LifeWealth Investments LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% in the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock valued at $1,130,000 after acquiring an additional 4,729 shares during the period. DHJJ Financial Advisors Ltd. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.3% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 3,701 shares of the company's stock valued at $323,000 after acquiring an additional 284 shares during the period. Finally, Sowell Financial Services LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at $728,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ:QQQE traded up $0.18 during mid-day trading on Wednesday, reaching $98.53. 22,265 shares of the company's stock were exchanged, compared to its average volume of 267,578. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $98.65. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. The business's fifty day moving average price is $93.34 and its 200-day moving average price is $91.31.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.1422 per share. The ex-dividend date was Tuesday, June 24th. This is an increase from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 annualized dividend and a yield of 0.58%.

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.