OLD National Bancorp IN Acquires New Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

OLD National Bancorp IN bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the third quarter, HoldingsChannel.com reports. The firm bought 3,425 shares of the company’s stock, valued at approximately $309,000.

Other large investors have also added to or reduced their stakes in the company. White Pine Investment CO raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% during the 2nd quarter. White Pine Investment CO now owns 16,310 shares of the company’s stock valued at $1,447,000 after purchasing an additional 124 shares during the period. Envestnet Portfolio Solutions Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% in 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 grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after purchasing an additional 131 shares in the last quarter. Mystic Asset Management Inc. raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% during the 1st quarter. Mystic Asset Management Inc. now owns 10,230 shares of the company’s stock valued at $913,000 after purchasing an additional 140 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after purchasing an additional 146 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock opened at $91.03 on Wednesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.68. The business has a 50 day simple moving average of $89.24 and a two-hundred day simple moving average of $88.02. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.70%.

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.