Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 52-Week High – Here’s What Happened

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $95.37 and last traded at $95.34, with a volume of 59099 shares changing hands. The stock had previously closed at $94.01.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

The stock has a 50 day moving average of $91.22 and a 200-day moving average of $89.18. The company has a market cap of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Tuesday, September 24th.

Hedge Funds Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Investments Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth $2,177,000. Berkshire Money Management Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the second quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock valued at $71,052,000 after purchasing an additional 19,819 shares during the last quarter. Total Investment Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $59,630,000. KMG Fiduciary Partners LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $1,964,000. Finally, Astor Investment Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at about $7,028,000.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.