MTM Investment Management LLC Has $494,000 Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

MTM Investment Management LLC lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,503 shares of the company’s stock after selling 185 shares during the quarter. MTM Investment Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $494,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of QQQE. Stonebridge Financial Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $31,000. Global Trust Asset Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $38,000. Heck Capital Advisors LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $43,000. New Wave Wealth Advisors LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $63,000. Finally, JPMorgan Chase & Co. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the third quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock valued at $82,000 after purchasing an additional 787 shares during the last quarter.

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

QQQE opened at $95.60 on Thursday. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $81.45 and a 1 year high of $96.39. The stock has a fifty day moving average price of $92.90 and a 200 day moving average price of $90.87.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

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.