Waddell & Associates LLC Purchases 12,033 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Waddell & Associates LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 374,445 shares of the company’s stock after buying an additional 12,033 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 4.1% of Waddell & Associates LLC’s holdings, making the stock its 11th biggest holding. Waddell & Associates LLC owned 2.63% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $33,775,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in QQQE. Prospera Private Wealth LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth $199,000. CAP Partners LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.1% in the third quarter. CAP Partners LLC now owns 55,127 shares of the company’s stock valued at $4,972,000 after acquiring an additional 2,193 shares during the last quarter. Paulson Wealth Management Inc. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 48.4% in the 3rd quarter. Paulson Wealth Management Inc. now owns 6,209 shares of the company’s stock worth $560,000 after acquiring an additional 2,025 shares in the last quarter. Total Investment Management Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth approximately $59,630,000. Finally, Nations Financial Group Inc. IA ADV grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 62,818 shares of the company’s stock worth $5,666,000 after acquiring an additional 2,915 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE opened at $94.01 on Friday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock has a fifty day moving average price of $90.85 and a two-hundred day moving average price of $88.97. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $78.04 and a 52-week high of $94.29.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 0.68%.

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.