Cetera Investment Advisers Has $2.53 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Cetera Investment Advisers lessened its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,513 shares of the company’s stock after selling 272 shares during the quarter. Cetera Investment Advisers owned approximately 0.18% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Montag A & Associates Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $26,000. Goodman Advisory Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth about $55,000. Banque Cantonale Vaudoise bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth about $85,000. Finally, CWM LLC grew its stake in 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 buying an additional 131 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.8 %

Shares of QQQE stock opened at $91.82 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $70.18 and a 12-month high of $92.06. The company has a market capitalization of $1.25 billion, a PE ratio of 28.84 and a beta of 1.05. The firm has a 50 day moving average price of $88.21 and a two-hundred day moving average price of $87.88.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors 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 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.