First Heartland Consultants Inc. Decreases Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

First Heartland Consultants Inc. lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 40.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,212 shares of the company’s stock after selling 2,202 shares during the quarter. First Heartland Consultants Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of QQQE. Total Investment Management Inc. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $59,630,000. International Assets Investment Management LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% in the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock valued at $27,686,000 after purchasing an additional 303,364 shares in the last quarter. Astor Investment Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $7,028,000. MRA Advisory Group lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock worth $9,373,000 after buying an additional 43,058 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock valued at $3,634,000 after buying an additional 34,636 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $93.78 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $76.55 and a 12 month high of $94.29. The firm has a market capitalization of $1.34 billion, a P/E ratio of 28.84 and a beta of 1.05. The company’s fifty day moving average price is $90.06 and its 200 day moving average price is $88.66.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.