Weil Company Inc. Invests $375,000 in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Weil Company Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,176 shares of the company’s stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kaydan Wealth Management Inc. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.6% during the 4th quarter. Kaydan Wealth Management Inc. now owns 2,411 shares of the company’s stock worth $216,000 after buying an additional 127 shares during the last quarter. Tilia Fiduciary Partners Inc. raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 4,416 shares of the company’s stock worth $396,000 after acquiring an additional 139 shares in the last quarter. Beck Capital Management LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% in the third quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock valued at $1,964,000 after acquiring an additional 158 shares during the last quarter. Flagstar Advisors Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.4% in the fourth quarter. Flagstar Advisors Inc. now owns 12,755 shares of the company’s stock valued at $1,145,000 after acquiring an additional 170 shares in the last quarter. Finally, CAP Partners LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% during the fourth quarter. CAP Partners LLC now owns 55,323 shares of the company’s stock worth $4,966,000 after purchasing an additional 196 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE opened at $93.73 on Wednesday. The stock has a market capitalization of $1.36 billion, a P/E ratio of 28.59 and a beta of 1.02. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $81.45 and a one year high of $97.98. The business’s 50-day simple moving average is $93.13 and its 200-day simple moving average is $91.66.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

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.