Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Hits New 12-Month High – Time to Buy?

Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $96.39 and last traded at $96.19, with a volume of 7096 shares traded. The stock had previously closed at $95.88.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

The company’s 50 day moving average price is $92.30 and its 200 day moving average price is $89.66. The firm has a market cap of $1.34 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a $0.1602 dividend. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.68%.

Institutional Trading of Direxion NASDAQ-100 Equal Weighted Index Shares

Several hedge funds have recently modified their holdings of QQQE. Sanctuary Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $317,000. Frisch Financial Group Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% in the third quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock valued at $17,116,000 after acquiring an additional 8,099 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $263,000. National Bank of Canada FI grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 22.8% during the 3rd quarter. National Bank of Canada FI now owns 2,017 shares of the company’s stock worth $182,000 after acquiring an additional 374 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $213,000.

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.