Tradition Wealth Management LLC Purchases 1,933 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Tradition Wealth Management LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,249 shares of the company’s stock after acquiring an additional 1,933 shares during the quarter. Tradition Wealth Management LLC owned approximately 0.11% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,466,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Goodman Advisory Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $54,000. Beaird Harris Wealth Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $55,000. Banque Cantonale Vaudoise boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock valued at $106,000 after purchasing an additional 247 shares in the last quarter. CWM LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after buying an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth about $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $94.63 on Monday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $78.32 and a fifty-two week high of $95.41. The stock’s 50 day simple moving average is $91.52 and its two-hundred day simple moving average is $89.32. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared 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 dividend yield of 0.68%.

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.