Mystic Asset Management Inc. Boosts Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Mystic Asset Management Inc. raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 10.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,320 shares of the company’s stock after acquiring an additional 1,300 shares during the quarter. Mystic Asset Management Inc. owned approximately 0.10% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,196,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $31,000. Kestra Investment Management LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $34,000. Global Trust Asset Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $38,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $43,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.6 %

Shares of QQQE stock opened at $89.57 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $81.45 and a 12 month high of $97.98. The stock has a market capitalization of $1.25 billion, a P/E ratio of 26.94 and a beta of 1.05. The firm’s 50 day moving average is $92.87 and its 200 day moving average is $91.84.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.