Merit Financial Group LLC Buys New Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Merit Financial Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 2,813 shares of the company’s stock, valued at approximately $253,000.

A number of other large investors also recently modified their holdings of QQQE. Atria Investments Inc acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth $2,177,000. Total Investment Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $59,630,000. Frisch Financial Group Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% in the 3rd 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 during the last quarter. KMG Fiduciary Partners LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $1,964,000. Finally, Astor Investment Management LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth approximately $7,028,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.5 %

Shares of QQQE opened at $94.01 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $81.45 and a 52-week high of $96.39. The stock has a 50 day moving average price of $92.76 and a 200 day moving average price of $90.45.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a dividend of $0.2402 per share. The ex-dividend date was Monday, December 23rd.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.