Baird Financial Group Inc. Has $383,000 Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Baird Financial Group Inc. trimmed its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,262 shares of the company’s stock after selling 139 shares during the period. Baird Financial Group Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQE. Bank of America Corp DE lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the fourth quarter. Bank of America Corp DE now owns 906,043 shares of the company’s stock valued at $81,335,000 after buying an additional 357,895 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $9,261,000. BNP Paribas Financial Markets lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% in the fourth quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company’s stock valued at $17,954,000 after buying an additional 50,000 shares during the last quarter. Ameritas Advisory Services LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company’s stock valued at $3,641,000 after buying an additional 24,233 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% in the fourth quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company’s stock valued at $2,777,000 after buying an additional 24,040 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.3%

QQQE opened at $94.70 on Friday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 26.33 and a beta of 1.07. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $97.98. The business has a 50 day moving average of $86.68 and a 200-day moving average of $90.88.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. The ex-dividend date was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.26%.

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.