Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Holdings Lifted by Waddell & Associates LLC

Waddell & Associates LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 412,249 shares of the company’s stock after buying an additional 4,347 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 2.8% of Waddell & Associates LLC’s holdings, making the stock its 13th biggest position. Waddell & Associates LLC owned approximately 3.49% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $42,177,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 13,007.3% during the third quarter. JPMorgan Chase & Co. now owns 19,661 shares of the company’s stock valued at $1,998,000 after buying an additional 19,511 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $56,917,000. Ballast Rock Private Wealth LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $574,000. UBS Group AG grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% in the fourth quarter. UBS Group AG now owns 225,759 shares of the company’s stock valued at $23,097,000 after purchasing an additional 28,901 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock valued at $53,741,000 after purchasing an additional 470,880 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ QQQE opened at $117.67 on Tuesday. The business’s 50-day moving average price is $109.71 and its two-hundred day moving average price is $105.21. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $94.29 and a one year high of $122.07. The company has a market capitalization of $1.32 billion, a P/E ratio of 27.96 and a beta of 1.09.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1627 dividend. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a 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.