Royal Bank of Canada Acquires 34,755 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Royal Bank of Canada increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 37.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 127,223 shares of the company’s stock after purchasing an additional 34,755 shares during the quarter. Royal Bank of Canada’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $12,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Quantinno Capital Management LP purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at about $319,000. Gateway Wealth Partners LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 91.7% in the 1st quarter. Gateway Wealth Partners LLC now owns 52,632 shares of the company’s stock valued at $5,186,000 after acquiring an additional 25,180 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.8% during the 1st quarter. Waverly Advisors LLC now owns 12,608 shares of the company’s stock valued at $1,242,000 after acquiring an additional 1,719 shares during the period. PNC Financial Services Group Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth approximately $89,000. Finally, Hollencrest Capital Management increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 39.3% in the 1st quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock worth $135,000 after purchasing an additional 388 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.6%

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $121.96 on Friday. The firm has a market cap of $1.38 billion, a P/E ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $95.64 and a 1-year high of $123.26. The firm has a 50-day moving average of $119.16 and a 200-day moving average of $110.15.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1895 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 0.6%.

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.