18,178 Shares in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Acquired by Legacy Capital Group California Inc.

Legacy Capital Group California Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 18,178 shares of the company’s stock, valued at approximately $1,640,000. Legacy Capital Group California Inc. owned approximately 0.13% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Montag A & Associates Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $26,000. Goodman Advisory Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter valued at approximately $54,000. Beaird Harris Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $55,000. Banque Cantonale Vaudoise increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after purchasing an additional 247 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after purchasing an additional 131 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE stock opened at $90.38 on Friday. The stock’s fifty day moving average price is $89.36 and its 200 day moving average price is $88.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.68. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were issued a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%.

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.