Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 12-Month High at $91.13

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) reached a new 52-week high on Thursday . The company traded as high as $91.13 and last traded at $91.03, with a volume of 15147 shares trading hands. The stock had previously closed at $90.60.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The firm has a market cap of $1.27 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock’s 50 day moving average is $88.02 and its two-hundred day moving average is $86.97.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a $0.1796 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several large investors have recently added to or reduced their stakes in QQQE. Waddell & Associates LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock worth $30,037,000 after buying an additional 335,528 shares during the last quarter. Carr Financial Group Corp bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $12,032,000. SteelPeak Wealth LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $11,427,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $6,272,000. Finally, Avestar Capital LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $4,685,000.

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.