Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 12-Month High – Here’s What Happened

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $118.14 and last traded at $117.51, with a volume of 14215 shares changing hands. The stock had previously closed at $116.62.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm has a market capitalization of $1.33 billion, a PE ratio of 27.96 and a beta of 1.08. The firm has a fifty day moving average price of $106.54 and a 200 day moving average price of $104.16.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.1627 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a yield of 0.5%.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% in the first quarter. Bank of America Corp DE now owns 724,041 shares of the company’s stock valued at $71,340,000 after purchasing an additional 86,683 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% in the fourth quarter. Morgan Stanley now owns 695,869 shares of the company’s stock valued at $71,195,000 after purchasing an additional 200,167 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.3% in the third quarter. Ameriprise Financial Inc. now owns 632,908 shares of the company’s stock valued at $64,327,000 after purchasing an additional 1,589 shares in the last quarter. SteelPeak Wealth LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $56,917,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock valued at $53,741,000 after purchasing an additional 470,880 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.