Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Sets New 52-Week High – Should You Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $96.49 and last traded at $96.39, with a volume of 98723 shares changing hands. The stock had previously closed at $95.60.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.1 %

The business has a fifty day moving average of $92.92 and a 200 day moving average of $90.95. The firm has a market cap of $1.35 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Direxion NASDAQ-100 Equal Weighted Index Shares

Hedge funds have recently added to or reduced their stakes in the business. Total Investment Management Inc. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after buying an additional 24,002 shares during the last quarter. Waddell & Associates LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% during the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company’s stock worth $34,381,000 after acquiring an additional 8,548 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after acquiring an additional 303,364 shares during the period. LPL Financial LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the fourth quarter. LPL Financial LLC now owns 262,922 shares of the company’s stock valued at $23,603,000 after purchasing an additional 5,090 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after purchasing an additional 8,099 shares during the period.

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.