Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 52-Week High – Here’s What Happened

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $114.60 and last traded at $114.35, with a volume of 27140 shares changing hands. The stock had previously closed at $112.65.

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

The firm has a 50 day moving average price of $104.72 and a two-hundred day moving average price of $103.58. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1627 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 0.6%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several large investors have recently modified their holdings of the business. Bank of America Corp DE grew its stake 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 valued at $71,340,000 after acquiring an additional 86,683 shares in the last quarter. Morgan Stanley grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% during the fourth quarter. Morgan Stanley now owns 695,869 shares of the company’s stock valued at $71,195,000 after acquiring an additional 200,167 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.3% during the third 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 in the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $56,917,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock worth $53,741,000 after purchasing an additional 470,880 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.