Waddell & Associates LLC Acquires 8,548 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Waddell & Associates LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 382,993 shares of the company's stock after purchasing an additional 8,548 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up approximately 3.5% of Waddell & Associates LLC's holdings, making the stock its 12th biggest holding. Waddell & Associates LLC owned approximately 2.75% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $34,381,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Total Investment Management Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock worth $61,500,000 after purchasing an additional 24,002 shares during the period. LPL Financial LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the fourth quarter. LPL Financial LLC now owns 262,922 shares of the company's stock valued at $23,603,000 after buying an additional 5,090 shares during the period. Frisch Financial Group Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the 3rd quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company's stock worth $17,116,000 after acquiring an additional 8,099 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $9,261,000. Finally, MRA Advisory Group lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% in the 4th quarter. MRA Advisory Group now owns 92,375 shares of the company's stock valued at $8,293,000 after purchasing an additional 3,358 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ QQQE traded up $0.16 during mid-day trading on Monday, reaching $83.15. 47,269 shares of the company's stock traded hands, compared to its average volume of 274,131. The stock has a market cap of $1.18 billion, a P/E ratio of 26.69 and a beta of 1.05. The business has a 50-day simple moving average of $89.94 and a 200 day simple moving average of $91.42. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a dividend of $0.0614 per share. This represents a $0.25 annualized dividend and a yield of 0.30%. The ex-dividend date 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.