LPL Financial LLC Buys 5,090 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

LPL Financial LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 262,922 shares of the company’s stock after acquiring an additional 5,090 shares during the period. LPL Financial LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $23,603,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Total Investment Management Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after purchasing an additional 24,002 shares during the last quarter. Frisch Financial Group Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after buying an additional 8,099 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth $13,530,000. Raymond James Financial Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $9,261,000. Finally, MRA Advisory Group lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% in the fourth quarter. MRA Advisory Group now owns 92,375 shares of the company’s stock valued at $8,293,000 after acquiring an additional 3,358 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $87.19 on Monday. The company’s 50-day moving average is $92.58 and its 200-day moving average is $91.97. The firm has a market capitalization of $1.22 billion, a PE ratio of 26.94 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.0614 per share. This represents a $0.25 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date of this dividend is Tuesday, March 25th.

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.