Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Holdings Lowered by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lowered its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 1.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,160 shares of the company’s stock after selling 4,743 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 0.6% of Axxcess Wealth Management LLC’s investment portfolio, making the stock its 29th largest holding. Axxcess Wealth Management LLC owned about 1.92% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $21,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of QQQE. Mirae Asset Global Investments Co. Ltd. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $6,272,000. UBS Group AG lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 156.2% in the third quarter. UBS Group AG now owns 157,491 shares of the company’s stock worth $11,776,000 after purchasing an additional 96,029 shares in the last quarter. White Pine Investment CO boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the fourth quarter. White Pine Investment CO now owns 15,651 shares of the company’s stock worth $1,325,000 after purchasing an additional 530 shares during the period. Mutual Advisors LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at approximately $2,141,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 24.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,926 shares of the company’s stock valued at $2,702,000 after buying an additional 6,299 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.2 %

QQQE stock traded up $1.03 during mid-day trading on Friday, hitting $85.67. The stock had a trading volume of 146,944 shares, compared to its average volume of 197,334. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $69.42 and a 1-year high of $89.86. The company has a fifty day moving average of $87.14 and a 200 day moving average of $83.33.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th were paid a $0.1907 dividend. This represents a $0.76 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Tuesday, March 19th.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.