Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 12-Month High at $91.13

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.13 and last traded at $91.03, with a volume of 15147 shares traded. The stock had previously closed at $90.60.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm’s 50-day moving average price is $88.02 and its 200-day moving average price is $86.97. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were given a $0.1796 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Tuesday, June 25th.

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

Large investors have recently made changes to their positions in the business. Montag A & Associates Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $26,000. TD Capital Management LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $29,000. FNY Investment Advisers LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% during the 4th quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock worth $32,000 after buying an additional 315 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth $85,000. Finally, CWM LLC boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% in the 4th quarter. CWM LLC now owns 1,125 shares of the company’s stock valued at $95,000 after buying an additional 360 shares during 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.