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

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $123.37 and last traded at $123.11, with a volume of 6151 shares changing hands. The stock had previously closed at $122.36.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The company has a market cap of $1.42 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The stock’s fifty day simple moving average is $119.30 and its two-hundred day simple moving average is $110.71.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1895 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% during the first quarter. Bank of America Corp DE now owns 724,041 shares of the company’s stock worth $71,340,000 after purchasing an additional 86,683 shares in the last quarter. Morgan Stanley increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% in the fourth quarter. Morgan Stanley now owns 695,869 shares of the company’s stock valued at $71,195,000 after buying an additional 200,167 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 632,908 shares of the company’s stock valued at $64,327,000 after acquiring an additional 1,589 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock worth $53,741,000 after buying an additional 470,880 shares during the last quarter. Finally, Waddell & Associates LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the 4th quarter. Waddell & Associates LLC now owns 412,249 shares of the company’s stock valued at $42,177,000 after buying an additional 4,347 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.