Tradition Wealth Management LLC Buys 1,933 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Tradition Wealth Management LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 13.5% in the third quarter, Holdings Channel reports. The institutional investor owned 16,249 shares of the company’s stock after purchasing an additional 1,933 shares during the period. Tradition Wealth Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,466,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in QQQE. Goodman Advisory Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth approximately $54,000. Beaird Harris Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth approximately $55,000. Banque Cantonale Vaudoise raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% in the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after acquiring an additional 247 shares during the last quarter. CWM LLC lifted its position in 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 valued at $116,000 after acquiring an additional 131 shares in the last quarter. Finally, Raleigh Capital Management Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $94.63 on Monday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $78.32 and a 1 year high of $95.41. The company has a market cap of $1.35 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock’s fifty day moving average price is $91.52 and its 200-day moving average price is $89.32.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.