Astor Investment Management LLC Takes Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Astor Investment Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,921 shares of the company’s stock, valued at approximately $7,028,000. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for 3.4% of Astor Investment Management LLC’s portfolio, making the stock its 14th biggest holding.

Several other large investors have also recently added to or reduced their stakes in QQQE. Curtis Advisory Group LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.8% during the 1st quarter. Curtis Advisory Group LLC now owns 13,827 shares of the company’s stock worth $1,233,000 after purchasing an additional 239 shares during the period. Private Advisor Group LLC grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 41.9% during the first quarter. Private Advisor Group LLC now owns 17,606 shares of the company’s stock worth $1,570,000 after acquiring an additional 5,198 shares during the period. Shoker Investment Counsel Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $2,356,000. MRA Advisory Group raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.2% in the first quarter. MRA Advisory Group now owns 62,561 shares of the company’s stock worth $5,580,000 after acquiring an additional 4,190 shares in the last quarter. Finally, 9258 Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at $955,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.4 %

Shares of NASDAQ:QQQE traded up $0.32 on Friday, reaching $90.70. 203,292 shares of the company were exchanged, compared to its average volume of 240,619. The company has a 50-day moving average of $89.40 and a 200-day moving average of $88.07. The firm has a market cap of $1.25 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 $70.18 and a 1-year high of $92.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a yield of 0.71%.

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.