Citigroup Inc. Decreases Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Citigroup Inc. lowered its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 49.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 50,389 shares of the company’s stock after selling 49,909 shares during the period. Citigroup Inc. owned about 0.35% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,545,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Goodman Advisory Group LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $54,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $55,000. Banque Cantonale Vaudoise boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock valued at $106,000 after buying an additional 247 shares during the last quarter. CWM LLC increased its position 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 worth $116,000 after purchasing an additional 131 shares during the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at approximately $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $95.38 on Tuesday. The company has a market cap of $1.36 billion, a P/E ratio of 28.84 and a beta of 1.05. The firm’s 50-day moving average is $91.64 and its 200-day moving average is $89.37. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $78.38 and a 1 year high of $95.52.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.67%.

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.