Strategic Financial Concepts LLC Purchases New Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Strategic Financial Concepts LLC purchased a new stake in 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. The institutional investor purchased 18,223 shares of the company’s stock, valued at approximately $1,636,000. Strategic Financial Concepts LLC owned approximately 0.13% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in QQQE. Total Investment Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $59,630,000. International Assets Investment Management LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the 3rd quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after purchasing an additional 303,364 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth $13,530,000. Astor Investment Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth $7,028,000. Finally, Ameritas Advisory Services LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% during the 4th quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company’s stock worth $3,641,000 after buying an additional 24,233 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.9 %

NASDAQ QQQE opened at $95.66 on Tuesday. The company has a fifty day simple moving average of $92.89 and a 200 day simple moving average of $90.75. The company has a market cap of $1.33 billion, a P/E 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. Investors of record on Monday, December 23rd were issued a dividend of $0.2402 per share. The ex-dividend date of this dividend was Monday, December 23rd.

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.