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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) reached a new 52-week high during trading on Thursday . The stock traded as high as $96.49 and last traded at $96.39, with a volume of 98723 shares trading hands. The stock had previously closed at $95.60.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The company has a 50 day moving average of $92.89 and a 200 day moving average of $90.91. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several large investors have recently bought and sold shares of QQQE. Gateway Wealth Partners LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% in the 4th quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company’s stock worth $2,283,000 after purchasing an additional 3,671 shares in the last quarter. Atria Investments Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $2,177,000. Merit Financial Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $253,000. Total Investment Management Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $59,630,000. Finally, RFG Advisory LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $495,000.

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.