Fifth Third Bancorp Invests $1.02 Million in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Fifth Third Bancorp purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) during the first quarter, HoldingsChannel.com reports. The institutional investor purchased 10,325 shares of the company’s stock, valued at approximately $1,017,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in QQQE. SteelPeak Wealth LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at about $56,917,000. Northwestern Mutual Wealth Management Co. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock worth $53,741,000 after acquiring an additional 470,880 shares during the period. Morgan Stanley grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% in the 4th quarter. Morgan Stanley now owns 695,869 shares of the company’s stock valued at $71,195,000 after purchasing an additional 200,167 shares during the last quarter. Watershed Asset Management L.L.C. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $11,940,000. Finally, BNP Paribas Financial Markets grew 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.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.7%

NASDAQ:QQQE opened at $115.41 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $95.64 and a 12-month high of $123.26. The stock’s 50 day simple moving average is $118.69 and its 200-day simple moving average is $109.17. The firm has a market cap of $1.33 billion, a P/E ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were given a $0.1895 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Tuesday, June 23rd.

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.