Total Investment Management Inc. Takes $59.63 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Total Investment Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the third quarter, HoldingsChannel reports. The fund acquired 661,083 shares of the company’s stock, valued at approximately $59,630,000. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 6.7% of Total Investment Management Inc.’s investment portfolio, making the stock its 8th largest holding.

A number of other institutional investors have also recently bought and sold shares of QQQE. White Pine Investment CO grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% in the 2nd quarter. White Pine Investment CO now owns 16,310 shares of the company’s stock valued at $1,447,000 after purchasing an additional 124 shares during the period. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company’s stock worth $339,000 after acquiring an additional 129 shares during the period. 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. Orion Portfolio Solutions LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock worth $1,000,000 after purchasing an additional 146 shares in the last quarter. Finally, DHJJ Financial Advisors Ltd. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.3% in the second quarter. DHJJ Financial Advisors Ltd. now owns 2,898 shares of the company’s stock valued at $257,000 after purchasing an additional 147 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ QQQE opened at $94.00 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $74.76 and a fifty-two week high of $94.29. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business has a 50-day moving average of $89.94 and a 200-day moving average of $88.61.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend 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.