Kaydan Wealth Management Inc. Grows Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Kaydan Wealth Management Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,411 shares of the company’s stock after buying an additional 127 shares during the period. Kaydan Wealth Management Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of QQQE. Brady Martz Wealth Solutions LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $213,000. Ameritas Advisory Services LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 148.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 40,562 shares of the company’s stock valued at $3,641,000 after purchasing an additional 24,233 shares during the period. Merit Financial Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $253,000. KMG Fiduciary Partners LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% during the 4th quarter. KMG Fiduciary Partners LLC now owns 23,154 shares of the company’s stock worth $2,079,000 after purchasing an additional 1,382 shares during the period. Finally, MRA Advisory Group raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% during the 4th quarter. MRA Advisory Group now owns 92,375 shares of the company’s stock worth $8,293,000 after buying an additional 3,358 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $92.90 on Monday. The stock’s 50 day moving average price is $92.69 and its 200 day moving average price is $90.32. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $81.45 and a 1-year high of $96.39. The company has a market cap of $1.28 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.