Renaissance Technologies LLC Acquires 5,300 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Renaissance Technologies LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 93.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the company's stock after buying an additional 5,300 shares during the period. Renaissance Technologies LLC owned approximately 0.08% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $987,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock worth $82,000 after acquiring an additional 787 shares during the period. Tilia Fiduciary Partners Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company's stock worth $396,000 after purchasing an additional 139 shares in the last quarter. MRA Advisory Group increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% during the fourth quarter. MRA Advisory Group now owns 92,375 shares of the company's stock worth $8,293,000 after purchasing an additional 3,358 shares during the period. KMG Fiduciary Partners LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% in the fourth quarter. KMG Fiduciary Partners LLC now owns 23,154 shares of the company's stock valued at $2,079,000 after buying an additional 1,382 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $253,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.80 during mid-day trading on Tuesday, reaching $88.47. 61,068 shares of the company were exchanged, compared to its average volume of 273,035. The firm has a market cap of $1.22 billion, a PE ratio of 25.43 and a beta of 1.05. The company has a fifty day simple moving average of $86.49 and a 200-day simple moving average of $90.80. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend was Tuesday, March 25th.

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.