UBS Group AG Increases Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

UBS Group AG increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 14.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 225,759 shares of the company’s stock after buying an additional 28,901 shares during the quarter. UBS Group AG’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $23,097,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Miller Global Investments LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $57,000. Assetmark Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $63,000. Optiver Holding B.V. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth about $66,000. American Capital Advisory LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 63.5% in the 3rd quarter. American Capital Advisory LLC now owns 1,295 shares of the company’s stock worth $132,000 after purchasing an additional 503 shares in the last quarter. Finally, Westwind Capital purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $220,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE opened at $114.05 on Monday. The stock has a 50-day moving average price of $103.14 and a 200-day moving average price of $103.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $89.88 and a 12-month high of $114.05. The stock has a market capitalization of $1.28 billion, a P/E ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1627 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.