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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price hit a new 52-week high on Monday . The stock traded as high as $95.50 and last traded at $95.46, with a volume of 86386 shares traded. The stock had previously closed at $94.63.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock has a 50 day simple moving average of $91.52 and a two-hundred day simple moving average of $89.32.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.67%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Institutional investors have recently added to or reduced their stakes in the business. White Pine Investment CO lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% during the second quarter. White Pine Investment CO now owns 16,310 shares of the company’s stock worth $1,447,000 after purchasing an additional 124 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company’s stock worth $339,000 after acquiring an additional 129 shares during the last quarter. CWM LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after purchasing an additional 131 shares during the last quarter. DHJJ Financial Advisors Ltd. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 5.3% during the 2nd quarter. DHJJ Financial Advisors Ltd. now owns 2,898 shares of the company’s stock valued at $257,000 after purchasing an additional 147 shares during the period. Finally, Beck Capital Management LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the 3rd quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock worth $1,964,000 after purchasing an additional 158 shares during 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.