Axxcess Wealth Management LLC Takes $223,000 Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Axxcess Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,476 shares of the company’s stock, valued at approximately $223,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in QQQE. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $54,000. Beaird Harris Wealth Management LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth approximately $55,000. Banque Cantonale Vaudoise increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after acquiring an additional 247 shares in the last quarter. CWM LLC increased its holdings 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 worth $116,000 after acquiring an additional 131 shares in the last quarter. Finally, Raleigh Capital Management Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth approximately $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.8 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $93.05 on Friday. The firm has a 50 day moving average of $90.20 and a 200 day moving average of $88.70. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $76.87 and a 12-month high of $94.29.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a yield of 0.69%. The ex-dividend date 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.