Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Reaches New 12-Month High – Time to Buy?

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $97.98 and last traded at $97.98, with a volume of 415005 shares. The stock had previously closed at $96.81.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.2 %

The stock’s 50-day moving average price is $92.97 and its 200-day moving average price is $91.13. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.2402 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the fourth quarter. Bank of America Corp DE now owns 906,043 shares of the company’s stock worth $81,335,000 after buying an additional 357,895 shares during the last quarter. Total Investment Management Inc. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after buying an additional 24,002 shares during the last quarter. Royal Bank of Canada raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the fourth quarter. Royal Bank of Canada now owns 421,882 shares of the company’s stock worth $37,873,000 after buying an additional 8,600 shares during the last quarter. Waddell & Associates LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company’s stock worth $34,381,000 after buying an additional 8,548 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after buying an additional 303,364 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.