Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 555.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,874 shares of the company’s stock after buying an additional 34,636 shares during the period. B. Riley Wealth Advisors Inc. owned 0.26% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,634,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Berkshire Money Management Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the second quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock valued at $71,052,000 after acquiring an additional 19,819 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $1,515,000. Waddell & Associates LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock worth $30,037,000 after buying an additional 335,528 shares during the period. MRA Advisory Group lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% in the second quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock valued at $9,373,000 after buying an additional 43,058 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% in the first quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after acquiring an additional 146 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.2 %

Shares of QQQE opened at $90.20 on Tuesday. The company’s 50 day simple moving average is $87.63 and its 200-day simple moving average is $87.73. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $70.18 and a 12-month high of $92.06. The firm has a market cap of $1.40 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th will be paid a $0.1602 dividend. The ex-dividend date is Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis 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.