Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Stock Position Lifted by Purus Wealth Management LLC

Purus Wealth Management LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 29.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,140 shares of the company’s stock after purchasing an additional 720 shares during the quarter. Purus Wealth Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of QQQE. Goodman Advisory Group LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at about $54,000. Beaird Harris Wealth Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $55,000. JPMorgan Chase & Co. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% in the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock valued at $82,000 after acquiring an additional 787 shares in the last quarter. Raleigh Capital Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter valued at approximately $142,000. Finally, National Bank of Canada FI raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 22.8% during the third quarter. National Bank of Canada FI now owns 2,017 shares of the company’s stock worth $182,000 after purchasing an additional 374 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE opened at $92.90 on Monday. The business has a 50 day moving average price of $92.69 and a two-hundred day moving average price of $90.32. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $81.45 and a 1-year high of $96.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.