Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Get Free Report) shares saw strong trading volume on Tuesday . 255,480 shares traded hands during trading, an increase of 35% from the previous session's volume of 188,931 shares.The stock last traded at $85.09 and had previously closed at $85.95.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 1.8 %
The firm has a 50 day simple moving average of $87.29 and a 200-day simple moving average of $83.20. The stock has a market cap of $1.18 billion, a P/E ratio of 29.45 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were issued a dividend of $0.1907 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Tuesday, March 19th.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in QQQE. Waddell & Associates LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the 4th quarter. Waddell & Associates LLC now owns 354,873 shares of the company's stock valued at $30,037,000 after acquiring an additional 335,528 shares during the period. Carr Financial Group Corp acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $12,032,000. SteelPeak Wealth LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $11,427,000. UBS Group AG grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 156.2% during the third quarter. UBS Group AG now owns 157,491 shares of the company's stock worth $11,776,000 after buying an additional 96,029 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $6,272,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile
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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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