Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 52-Week High – Should You Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $96.49 and last traded at $96.39, with a volume of 98723 shares traded. The stock had previously closed at $95.60.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock’s 50 day moving average price is $92.92 and its 200 day moving average price is $90.95. The company has a market capitalization of $1.35 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a dividend of $0.2402 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. Dana Investment Advisors Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,394 shares of the company’s stock worth $664,000 after purchasing an additional 112 shares in the last quarter. Kaydan Wealth Management Inc. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.6% during the 4th quarter. Kaydan Wealth Management Inc. now owns 2,411 shares of the company’s stock valued at $216,000 after acquiring an additional 127 shares during the period. Tilia Fiduciary Partners Inc. boosted its stake in 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 worth $396,000 after acquiring an additional 139 shares in the last quarter. Beck Capital Management LLC grew its holdings in 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 worth $1,964,000 after purchasing an additional 158 shares during the period. Finally, Flagstar Advisors Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the fourth quarter. Flagstar Advisors Inc. now owns 12,755 shares of the company’s stock valued at $1,145,000 after purchasing an additional 170 shares in the last quarter.

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.