Independent Financial Group LLC Purchases Shares of 119,932 Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Independent Financial Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 119,932 shares of the company’s stock, valued at approximately $11,817,000. Independent Financial Group LLC owned 1.07% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in QQQE. Miller Global Investments LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $57,000. Assetmark Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $63,000. Pittenger & Anderson Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $75,000. American Capital Advisory LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.5% during the fourth quarter. American Capital Advisory LLC now owns 1,496 shares of the company’s stock worth $153,000 after buying an additional 201 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 383.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,677 shares of the company’s stock worth $172,000 after buying an additional 1,330 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.3%

NASDAQ QQQE opened at $118.42 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $95.64 and a 1-year high of $123.26. The company has a 50 day moving average of $118.30 and a 200-day moving average of $108.62. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 0.6%.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.