Jones Financial Companies Lllp Boosts Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Jones Financial Companies Lllp raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 348.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 30,939 shares of the company’s stock after buying an additional 24,040 shares during the quarter. Jones Financial Companies Lllp’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,777,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Total Investment Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth about $59,630,000. BNP Paribas Financial Markets bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $13,530,000. Ameritas Advisory Services LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company’s stock valued at $3,641,000 after purchasing an additional 24,233 shares in the last quarter. Atria Investments Inc purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $2,177,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $1,636,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.0 %

Shares of QQQE opened at $92.06 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $81.45 and a twelve month high of $97.98. The company has a market capitalization of $1.28 billion, a P/E ratio of 28.59 and a beta of 1.05. The firm has a 50 day moving average of $93.25 and a 200 day moving average of $91.86.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were issued a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

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.