Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 13.6% during the second quarter, HoldingsChannel reports. The firm owned 8,027 shares of the company’s stock after selling 1,259 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $712,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Montag A & Associates Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth $26,000. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $54,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $55,000. Banque Cantonale Vaudoise acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth about $85,000. Finally, CWM LLC boosted its holdings in 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 purchasing an additional 131 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.4 %

QQQE stock opened at $89.27 on Friday. The stock’s 50 day moving average is $87.75 and its two-hundred day moving average is $87.79. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $70.18 and a 52-week high of $92.06. The company has a market capitalization of $1.39 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were paid a $0.1602 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.72%.

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.