National Bank of Canada FI Lowers Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

National Bank of Canada FI cut its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 11.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,785 shares of the company’s stock after selling 232 shares during the quarter. National Bank of Canada FI’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $9,261,000. Ameritas Advisory Services LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% during the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company’s stock valued at $3,641,000 after acquiring an additional 24,233 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% during the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company’s stock worth $2,777,000 after acquiring an additional 24,040 shares during the period. Total Investment Management Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after purchasing an additional 24,002 shares during the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $1,636,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $81.79 on Friday. The stock has a fifty day moving average price of $90.17 and a 200-day moving average price of $91.46. The firm has a market cap of $1.17 billion, a PE ratio of 26.69 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were given a $0.0614 dividend. This represents a $0.25 annualized dividend and a yield of 0.30%. The ex-dividend date was Tuesday, March 25th.

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.