Cannon Advisors Inc. Buys 2,898 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Cannon Advisors Inc. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 7.9% in the 4th quarter, HoldingsChannel reports. The firm owned 39,736 shares of the company’s stock after purchasing an additional 2,898 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 3.0% of Cannon Advisors Inc.’s portfolio, making the stock its 12th biggest position. Cannon Advisors Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $3,567,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $26,000. Stonebridge Financial Group LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $31,000. Kestra Investment Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth about $31,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $34,000. Finally, Global Trust Asset Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $38,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE opened at $87.19 on Tuesday. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 26.69 and a beta of 1.07. The business has a 50 day moving average of $92.46 and a 200 day moving average of $91.97. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $81.45 and a 1-year high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be issued a $0.0614 dividend. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.28%.

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.