Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 1-Year High – Here’s Why

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQEGet Free Report)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $92.69 and last traded at $92.33, with a volume of 11734 shares. The stock had previously closed at $90.65.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock has a market cap of $1.32 billion, a PE ratio of 28.84 and a beta of 1.05. The business has a 50 day moving average price of $89.56 and a two-hundred day moving average price of $88.35.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.69%.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Montag A & Associates Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at $26,000. Goodman Advisory Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at $54,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $55,000. Banque Cantonale Vaudoise lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after purchasing an additional 247 shares in the last quarter. Finally, CWM LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after purchasing an additional 131 shares during the period.

About Direxion NASDAQ-100 Equal Weighted Index Shares

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Direxion NASDAQ-100 Equal Weighted Index Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion NASDAQ-100 Equal Weighted Index Shares and related companies with MarketBeat.com's FREE daily email newsletter.