Peak Planning Group LLC Takes $527,000 Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Peak Planning Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,151 shares of the company’s stock, valued at approximately $527,000.

Several other institutional investors have also modified their holdings of QQQE. SteelPeak Wealth LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $56,917,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock valued at $53,741,000 after purchasing an additional 470,880 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company’s stock valued at $19,800,000 after purchasing an additional 100,000 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $4,461,000. Finally, Wolverine Trading LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 127.9% in the 3rd quarter. Wolverine Trading LLC now owns 51,943 shares of the company’s stock valued at $5,283,000 after purchasing an additional 29,146 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE opened at $119.65 on Friday. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $94.29 and a 1 year high of $122.07. The business has a 50 day simple moving average of $111.29 and a 200-day simple moving average of $105.69.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.1627 dividend. This represents a $0.65 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, March 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.