Raleigh Capital Management Inc. Makes New Investment in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Raleigh Capital Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,574 shares of the company’s stock, valued at approximately $142,000.

Other hedge funds also recently modified their holdings of the company. Montag A & Associates Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at about $26,000. Goodman Advisory Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $54,000. Beaird Harris Wealth Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $55,000. Banque Cantonale Vaudoise bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at about $85,000. Finally, CWM LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after acquiring an additional 131 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ QQQE opened at $91.03 on Wednesday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business has a 50-day moving average of $89.24 and a 200-day moving average of $88.02. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $70.18 and a fifty-two week high of $92.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.