Frisch Financial Group Inc. Has $17.12 Million Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Frisch Financial Group Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 4.5% in the third quarter, HoldingsChannel reports. The firm owned 189,415 shares of the company’s stock after buying an additional 8,099 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 5.1% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 4th largest holding. Frisch Financial Group Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $17,116,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at $263,000. National Bank of Canada FI lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 22.8% during the third quarter. National Bank of Canada FI now owns 2,017 shares of the company’s stock valued at $182,000 after purchasing an additional 374 shares during the last quarter. Wolverine Trading LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $213,000. Stifel Financial Corp increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 21.9% in the 3rd quarter. Stifel Financial Corp now owns 2,835 shares of the company’s stock worth $256,000 after buying an additional 509 shares during the last quarter. Finally, Hilltop Holdings Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $268,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.6 %

Shares of NASDAQ:QQQE opened at $95.28 on Tuesday. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $79.90 and a 12 month high of $96.39. The company has a 50-day moving average price of $92.19 and a 200 day moving average price of $89.62.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.