Wells Fargo & Company MN Has $14.76 Million Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Wells Fargo & Company MN cut its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 164,448 shares of the company’s stock after selling 4,206 shares during the period. Wells Fargo & Company MN’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $14,763,000 at the end of the most recent quarter.

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

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $83.59 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $97.98. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 26.69 and a beta of 1.05. The stock has a fifty day moving average price of $89.71 and a 200-day moving average price of $91.37.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a dividend of $0.0614 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.29%.

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.