Hickory Asset Management Inc. Makes New Investment in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Hickory Asset Management Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,234 shares of the company’s stock, valued at approximately $290,000.

Several other hedge funds have also added to or reduced their stakes in the business. Gateway Wealth Partners LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% in the fourth quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company’s stock valued at $2,283,000 after acquiring an additional 3,671 shares during the period. Atria Investments Inc purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at about $2,177,000. Merit Financial Group LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $253,000. Total Investment Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at about $59,630,000. Finally, RFG Advisory LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $495,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.1 %

QQQE stock opened at $96.81 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $81.45 and a 12-month high of $97.08. The firm’s 50-day moving average price is $92.92 and its two-hundred day moving average price is $90.95. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given 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.