5,614 Shares in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Purchased by Ballast Rock Private Wealth LLC

Ballast Rock Private Wealth LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 4th quarter, Holdings Channel.com reports. The fund purchased 5,614 shares of the company’s stock, valued at approximately $574,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQE. SteelPeak Wealth LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $56,917,000. BNP Paribas Financial Markets grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company’s stock valued at $19,800,000 after purchasing an additional 100,000 shares in the last quarter. Two Sigma Investments LP acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at approximately $4,461,000. Wolverine Trading LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 127.9% during the 3rd quarter. Wolverine Trading LLC now owns 51,943 shares of the company’s stock valued at $5,283,000 after purchasing an additional 29,146 shares in the last quarter. Finally, UBS Group AG lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% during the 4th quarter. UBS Group AG now owns 225,759 shares of the company’s stock worth $23,097,000 after buying an additional 28,901 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.4%

NASDAQ:QQQE opened at $114.05 on Friday. The company has a market cap of $1.28 billion, a PE ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $89.88 and a 52 week high of $114.05. The business’s 50 day moving average is $103.14 and its two-hundred day moving average is $103.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were given a dividend of $0.1627 per share. The ex-dividend date was Tuesday, March 24th. This represents a $0.65 annualized dividend and a dividend yield of 0.6%.

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.