Beck Capital Management LLC Has $2.01 Million Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Beck Capital Management LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 22,363 shares of the company’s stock after acquiring an additional 591 shares during the period. Beck Capital Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,008,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Runnymede Capital Advisors Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $26,000. Stonebridge Financial Group LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $31,000. Kestra Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $31,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $34,000. Finally, Global Trust Asset Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 2.3 %

QQQE stock opened at $82.59 on Wednesday. The business has a 50-day simple moving average of $88.12 and a 200 day simple moving average of $91.05. The company has a market cap of $1.16 billion, a PE ratio of 25.43 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 annualized dividend and a yield of 0.30%.

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.