Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Bought by Cwm LLC

Cwm LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 47.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,125 shares of the company’s stock after buying an additional 360 shares during the quarter. Cwm LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $95,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolff Wiese Magana LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $26,000. FNY Investment Advisers LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% during the 4th quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock valued at $32,000 after buying an additional 315 shares during the period. Spire Wealth Management lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 64.4% in the third quarter. Spire Wealth Management now owns 881 shares of the company’s stock valued at $66,000 after acquiring an additional 345 shares during the last quarter. NBC Securities Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $75,000. Finally, Baystate Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $112,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock opened at $86.30 on Wednesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $70.18 and a one year high of $89.86. The firm’s 50 day moving average price is $87.07 and its 200-day moving average price is $83.58. The firm has a market cap of $1.20 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were issued a $0.1907 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Tuesday, March 19th.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.