Ramiah Investment Group Takes Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Ramiah Investment Group acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 65,072 shares of the company’s stock, valued at approximately $6,412,000. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 5.6% of Ramiah Investment Group’s investment portfolio, making the stock its 5th biggest position. Ramiah Investment Group owned about 0.58% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% during the 4th quarter. International Assets Investment Management LLC now owns 2,685 shares of the company’s stock valued at $275,000 after purchasing an additional 100 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock worth $1,275,000 after buying an additional 107 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% during the fourth quarter. Sanctuary Advisors LLC now owns 3,767 shares of the company’s stock worth $385,000 after buying an additional 122 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 3,076 shares of the company’s stock valued at $315,000 after buying an additional 134 shares during the last quarter. Finally, Beck Capital Management LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% during the fourth quarter. Beck Capital Management LLC now owns 15,724 shares of the company’s stock valued at $1,609,000 after buying an additional 137 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ QQQE opened at $118.68 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09. The stock’s fifty day moving average price is $115.08 and its 200 day moving average price is $106.97. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $95.64 and a 1 year high of $123.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be issued a $0.1895 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.6%.

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.