SOL Capital Management CO Acquires 205 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

SOL Capital Management CO raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 0.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,310 shares of the company’s stock after acquiring an additional 205 shares during the period. SOL Capital Management CO’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $5,260,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. White Pine Investment CO boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% during the second quarter. White Pine Investment CO now owns 16,310 shares of the company’s stock worth $1,447,000 after acquiring an additional 124 shares during the period. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company’s stock worth $339,000 after acquiring an additional 129 shares during the period. CWM LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in 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. Mystic Asset Management Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the first quarter. Mystic Asset Management Inc. now owns 10,230 shares of the company’s stock valued at $913,000 after buying an additional 140 shares during the period. Finally, Orion Portfolio Solutions LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% in the first quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after buying an additional 146 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 1.3 %

Shares of QQQE stock opened at $89.86 on Thursday. The stock has a market cap of $1.24 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock has a 50 day simple moving average of $89.31 and a 200 day simple moving average of $88.04. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $70.18 and a 1 year high of $92.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued 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 0.71%.

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.