Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 12-Month High – What’s Next?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $123.37 and last traded at $123.11, with a volume of 6151 shares trading hands. The stock had previously closed at $122.36.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company has a fifty day moving average of $119.21 and a two-hundred day moving average of $110.45.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1895 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.76 annualized dividend and a yield of 0.6%.

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

A number of institutional investors have recently modified their holdings of QQQE. Assetmark Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $63,000. Pittenger & Anderson Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $75,000. PNC Financial Services Group Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth about $89,000. Hollencrest Capital Management raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 39.3% in the 1st quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock worth $135,000 after purchasing an additional 388 shares in the last quarter. Finally, American Capital Advisory LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.5% in the 4th quarter. American Capital Advisory LLC now owns 1,496 shares of the company’s stock valued at $153,000 after purchasing an additional 201 shares during the period.

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.