Hilltop Holdings Inc. Buys New Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Hilltop Holdings Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,969 shares of the company’s stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also modified their holdings of QQQE. Beck Capital Management LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the 3rd quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock worth $1,964,000 after purchasing an additional 158 shares during the period. Tradition Wealth Management LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 13.5% in the third quarter. Tradition Wealth Management LLC now owns 16,249 shares of the company’s stock worth $1,466,000 after buying an additional 1,933 shares in the last quarter. CreativeOne Wealth LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $446,000. BNP Paribas Financial Markets purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $13,530,000. Finally, FMR LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 394.6% during the 3rd quarter. FMR LLC now owns 3,858 shares of the company’s stock valued at $348,000 after acquiring an additional 3,078 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.8 %

NASDAQ QQQE opened at $95.88 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $78.73 and a 12 month high of $96.24. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The company’s 50 day moving average is $92.09 and its two-hundred day moving average is $89.56.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.