Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Bought by Frisch Financial Group Inc.

Frisch Financial Group Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 10.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 181,316 shares of the company’s stock after acquiring an additional 17,674 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares comprises 4.8% of Frisch Financial Group Inc.’s investment portfolio, making the stock its 5th biggest holding. Frisch Financial Group Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $16,090,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in QQQE. Montag A & Associates Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at $26,000. TD Capital Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $29,000. Banque Cantonale Vaudoise acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at $85,000. CWM LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after buying an additional 131 shares in the last quarter. Finally, WR Wealth Planners LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 27.3% in the 2nd quarter. WR Wealth Planners LLC now owns 1,882 shares of the company’s stock valued at $167,000 after buying an additional 404 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $88.55 on Tuesday. The stock has a market cap of $1.38 billion, a P/E ratio of 28.84 and a beta of 1.05. The firm has a fifty day moving average price of $87.79 and a 200 day moving average price of $87.68. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were paid a dividend of $0.1796 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Tuesday, June 25th.

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.