Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 52-Week High – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $98.08 and last traded at $97.89, with a volume of 9504 shares trading hands. The stock had previously closed at $97.32.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.2%

The firm has a market cap of $1.35 billion, a P/E ratio of 27.96 and a beta of 1.05. The company’s 50 day simple moving average is $92.67 and its 200-day simple moving average is $91.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th will be given a dividend of $0.1422 per share. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $0.57 annualized dividend and a dividend yield of 0.58%. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares’s previous quarterly dividend of $0.06.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $305,000. Royal Bank of Canada grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company’s stock valued at $37,873,000 after buying an additional 8,600 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at approximately $34,000. LifeWealth Investments LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% during the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company’s stock valued at $1,130,000 after buying an additional 4,729 shares in the last quarter. Finally, Waddell & Associates LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company’s stock valued at $34,381,000 after buying an additional 8,548 shares in the last quarter.

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.