D.A. Davidson & CO. Decreases Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

D.A. Davidson & CO. decreased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.3% in the third quarter, Holdings Channel.com reports. The firm owned 28,512 shares of the company’s stock after selling 682 shares during the period. D.A. Davidson & CO.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,572,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Berkshire Money Management Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the second quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after buying an additional 19,819 shares during the period. Total Investment Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $59,630,000. Waddell & Associates LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the 3rd quarter. Waddell & Associates LLC now owns 374,445 shares of the company’s stock worth $33,775,000 after purchasing an additional 12,033 shares during the period. International Assets Investment Management LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after purchasing an additional 303,364 shares during the last quarter. Finally, Frisch Financial Group Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 10.8% during the second quarter. Frisch Financial Group Inc. now owns 181,316 shares of the company’s stock valued at $16,090,000 after buying an additional 17,674 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ QQQE opened at $94.63 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $78.32 and a fifty-two week high of $95.41. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business’s 50 day moving average price is $91.52 and its 200-day moving average price is $89.30.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.68%.

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.