Beck Capital Management LLC Increases Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Beck Capital Management LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 0.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 21,772 shares of the company’s stock after buying an additional 158 shares during the quarter. Beck Capital Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,964,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Tradition Wealth Management LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 13.5% in the third quarter. Tradition Wealth Management LLC now owns 16,249 shares of the company’s stock worth $1,466,000 after acquiring an additional 1,933 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth approximately $446,000. BNP Paribas Financial Markets purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $13,530,000. FMR LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 394.6% in the third quarter. FMR LLC now owns 3,858 shares of the company’s stock valued at $348,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Waddell & Associates LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% during the third quarter. Waddell & Associates LLC now owns 374,445 shares of the company’s stock valued at $33,775,000 after purchasing an additional 12,033 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE opened at $94.63 on Monday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $78.32 and a 1 year high of $95.41. The stock’s fifty day moving average price is $91.52 and its two-hundred day moving average price is $89.32. The firm has a market cap of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.1602 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date was Tuesday, September 24th.

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.