International Assets Investment Management LLC Purchases 303,364 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

International Assets Investment Management LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 8,495.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 306,935 shares of the company’s stock after acquiring an additional 303,364 shares during the period. International Assets Investment Management LLC owned about 2.27% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $27,686,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Private Advisor Group LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 41.9% during the 1st quarter. Private Advisor Group LLC now owns 17,606 shares of the company’s stock valued at $1,570,000 after purchasing an additional 5,198 shares during the last quarter. Shoker Investment Counsel Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $2,356,000. MRA Advisory Group lifted its stake 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 during the period. 9258 Wealth Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at $955,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $329,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.3 %

NASDAQ:QQQE opened at $91.01 on Tuesday. The company has a 50-day moving average price of $89.40 and a 200-day moving average price of $88.08. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $70.18 and a 12 month high of $92.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed 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 0.70%.

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.