Flagstar Advisors Inc. Acquires 2,659 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Flagstar Advisors Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 27.0% in the first quarter, HoldingsChannel.com reports. The firm owned 12,511 shares of the company’s stock after purchasing an additional 2,659 shares during the quarter. Flagstar Advisors Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kaydan Wealth Management Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at approximately $206,000. International Assets Investment Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $248,000. DHJJ Financial Advisors Ltd. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 17.4% in the first quarter. DHJJ Financial Advisors Ltd. now owns 2,751 shares of the company’s stock valued at $245,000 after acquiring an additional 408 shares during the last quarter. Private Capital Management LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.5% during the fourth quarter. Private Capital Management LLC now owns 3,561 shares of the company’s stock worth $301,000 after acquiring an additional 280 shares in the last quarter. Finally, Banque Cantonale Vaudoise bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth about $85,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.45 during mid-day trading on Wednesday, hitting $88.70. 140,537 shares of the stock were exchanged, compared to its average volume of 194,736. The firm’s fifty day simple moving average is $87.15 and its two-hundred day simple moving average is $86.55. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $70.18 and a 12 month high of $89.86. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th will be given a $0.1796 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.81%. The ex-dividend date of this dividend is Tuesday, June 25th.

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.