Waddell & Associates LLC Buys 12,033 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Waddell & Associates LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 374,445 shares of the company’s stock after acquiring an additional 12,033 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for 4.1% of Waddell & Associates LLC’s holdings, making the stock its 11th largest position. Waddell & Associates LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $33,775,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. Atria Investments Inc bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $2,177,000. Berkshire Money Management Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the 2nd quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after purchasing an additional 19,819 shares in the last quarter. Total Investment Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $59,630,000. KMG Fiduciary Partners LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $1,964,000. Finally, Astor Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $7,028,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $94.01 on Friday. The business’s 50 day simple moving average is $90.85 and its 200 day simple moving average is $88.97. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $78.04 and a 1 year high of $94.29. The company has a market capitalization of $1.34 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 yield of 0.68%.

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.