Mirae Asset Global Investments Co. Ltd. Takes $6.27 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Mirae Asset Global Investments Co. Ltd. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 74,100 shares of the company's stock, valued at approximately $6,272,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.2% during the second quarter. IFP Advisors Inc now owns 7,005 shares of the company's stock valued at $539,000 after buying an additional 149 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 10,625 shares of the company's stock worth $794,000 after purchasing an additional 174 shares in the last quarter. CWM LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 56.8% in the 3rd quarter. CWM LLC now owns 765 shares of the company's stock worth $57,000 after purchasing an additional 277 shares in the last quarter. FNY Investment Advisers LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the fourth quarter. FNY Investment Advisers LLC now owns 385 shares of the company's stock worth $32,000 after purchasing an additional 315 shares during the last quarter. Finally, Wolff Wiese Magana LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at $26,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 1.4 %

QQQE stock traded down $1.23 on Monday, hitting $84.89. The company had a trading volume of 349,438 shares, compared to its average volume of 188,845. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $69.04 and a 12-month high of $89.86. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 29.45 and a beta of 1.19. The stock's 50-day simple moving average is $87.87 and its 200 day simple moving average is $82.38.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were paid a $0.1907 dividend. The ex-dividend date of this dividend was Tuesday, March 19th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%.

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.