KCM Investment Advisors LLC Acquires Shares of 2,280 Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

KCM Investment Advisors LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,280 shares of the company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently made changes to their positions in the business. Runnymede Capital Advisors Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $26,000. Stonebridge Financial Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $31,000. Kestra Investment Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $31,000. SBI Securities Co. Ltd. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $34,000. Finally, Global Trust Asset Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 6.3 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $78.66 on Monday. The firm has a market cap of $1.12 billion, a PE ratio of 26.69 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.72 and a 12 month high of $97.98. The stock’s 50 day simple moving average is $91.70 and its two-hundred day simple moving average is $91.86.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.31%.

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.