Total Investment Management Inc. Grows Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Total Investment Management Inc. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 685,085 shares of the company’s stock after buying an additional 24,002 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 8.6% of Total Investment Management Inc.’s investment portfolio, making the stock its 7th largest position. Total Investment Management Inc. owned about 4.86% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $61,500,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Kaydan Wealth Management Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.6% during the fourth quarter. Kaydan Wealth Management Inc. now owns 2,411 shares of the company’s stock valued at $216,000 after buying an additional 127 shares during the last quarter. Tilia Fiduciary Partners Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the fourth quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company’s stock valued at $396,000 after buying an additional 139 shares during the last quarter. Beck Capital Management LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the third quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock valued at $1,964,000 after purchasing an additional 158 shares in the last quarter. CAP Partners LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% in the fourth quarter. CAP Partners LLC now owns 55,323 shares of the company’s stock valued at $4,966,000 after purchasing an additional 196 shares in the last quarter. Finally, SOL Capital Management CO grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% in the third quarter. SOL Capital Management CO now owns 58,310 shares of the company’s stock valued at $5,260,000 after purchasing an additional 205 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE stock opened at $96.81 on Monday. The firm has a fifty day moving average price of $92.94 and a 200 day moving average price of $91.06. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $97.08. The firm has a market cap of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

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

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.