Independent Financial Group LLC Takes Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Independent Financial Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 119,932 shares of the company’s stock, valued at approximately $11,817,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Miller Global Investments LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $57,000. Assetmark Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $63,000. Pittenger & Anderson Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $75,000. American Capital Advisory LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 15.5% during the fourth quarter. American Capital Advisory LLC now owns 1,496 shares of the company’s stock worth $153,000 after purchasing an additional 201 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 383.3% during the fourth quarter. Wells Fargo & Company MN now owns 1,677 shares of the company’s stock worth $172,000 after purchasing an additional 1,330 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE opened at $118.42 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $95.64 and a one year high of $123.26. The company’s 50 day simple moving average is $118.30 and its 200-day simple moving average is $108.62. The stock has a market capitalization of $1.37 billion, a P/E ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

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.