IMC Chicago LLC Takes $956,000 Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

IMC Chicago LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 9,707 shares of the company’s stock, valued at approximately $956,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SteelPeak Wealth LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $56,917,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock worth $53,741,000 after buying an additional 470,880 shares in the last quarter. Morgan Stanley lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% during the 4th quarter. Morgan Stanley now owns 695,869 shares of the company’s stock worth $71,195,000 after buying an additional 200,167 shares in the last quarter. Watershed Asset Management L.L.C. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $11,940,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company’s stock worth $19,800,000 after buying an additional 100,000 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4%

QQQE stock opened at $118.73 on Thursday. The firm has a market cap of $1.38 billion, a PE ratio of 27.96 and a beta of 1.08. The business has a 50 day moving average of $118.18 and a 200-day moving average of $108.52. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $95.64 and a 12-month high of $123.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.1895 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.76 annualized dividend and a yield of 0.6%.

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.