Astor Investment Management LLC Lowers Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Astor Investment Management LLC reduced its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,620 shares of the company’s stock after selling 1,855 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 3.3% of Astor Investment Management LLC’s holdings, making the stock its 12th largest holding. Astor Investment Management LLC owned about 0.52% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $6,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 93.0% during the 4th quarter. Renaissance Technologies LLC now owns 11,000 shares of the company’s stock worth $987,000 after acquiring an additional 5,300 shares in the last quarter. Advisory Services Network LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 54.8% during the 4th quarter. Advisory Services Network LLC now owns 8,907 shares of the company’s stock worth $800,000 after acquiring an additional 3,153 shares in the last quarter. Summit Investment Advisors Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 9.2% during the fourth quarter. Summit Investment Advisors Inc. now owns 8,668 shares of the company’s stock worth $778,000 after purchasing an additional 732 shares in the last quarter. Regal Investment Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.4% during the fourth quarter. Regal Investment Advisors LLC now owns 21,189 shares of the company’s stock worth $1,902,000 after purchasing an additional 4,292 shares in the last quarter. Finally, Tradition Wealth Management LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 10.8% during the fourth quarter. Tradition Wealth Management LLC now owns 17,996 shares of the company’s stock worth $1,615,000 after purchasing an additional 1,747 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE opened at $97.65 on Friday. The business’s 50-day simple moving average is $97.69 and its 200-day simple moving average is $92.76. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $100.94. The stock has a market capitalization of $1.23 billion, a P/E ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were given a dividend of $0.1422 per share. This represents a $0.57 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares’s previous quarterly dividend of $0.06.

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.