Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 12-Month High – What’s Next?

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $118.14 and last traded at $117.51, with a volume of 14215 shares. The stock had previously closed at $116.62.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.5%

The firm has a fifty day moving average price of $105.85 and a 200 day moving average price of $103.94. The company has a market cap of $1.33 billion, a P/E ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a dividend of $0.1627 per share. This represents a $0.65 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% during the first quarter. Bank of America Corp DE now owns 724,041 shares of the company’s stock valued at $71,340,000 after purchasing an additional 86,683 shares during the last quarter. Arkadios Wealth Advisors grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.6% during the first quarter. Arkadios Wealth Advisors now owns 5,539 shares of the company’s stock valued at $546,000 after purchasing an additional 574 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 37.6% during the first quarter. Royal Bank of Canada now owns 127,223 shares of the company’s stock valued at $12,536,000 after purchasing an additional 34,755 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at approximately $319,000. Finally, Gateway Wealth Partners LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 91.7% in the first quarter. Gateway Wealth Partners LLC now owns 52,632 shares of the company’s stock valued at $5,186,000 after acquiring an additional 25,180 shares during the last quarter.

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.