Wells Fargo & Company MN Cuts Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Wells Fargo & Company MN reduced its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 2.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 164,448 shares of the company's stock after selling 4,206 shares during the quarter. Wells Fargo & Company MN owned about 1.18% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $14,763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Runnymede Capital Advisors Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $26,000. Stonebridge Financial Group LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $31,000. SBI Securities Co. Ltd. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $34,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.4 %

NASDAQ:QQQE traded up $0.33 during mid-day trading on Friday, hitting $82.46. 355,472 shares of the stock traded hands, compared to its average volume of 273,377. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $97.98. The company has a market cap of $1.16 billion, a PE ratio of 26.69 and a beta of 1.05. The business's 50-day moving average price is $88.70 and its 200 day moving average price is $91.17.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.