QQQE - Direxion NASDAQ-100 Equal Weighted Index Shares
| Assets | $372.85M |
| NAV | $79.33 |
| Expense Ratio | 0.35% |
| PE Ratio | 31.14 |
| Beta (5Y) | 1.05 |
| Dividend (ttm) | $0.41 |
| Dividend Yield | 0.51% |
| Ex-Dividend Date | Mar 23, 2021 |
| 1-Year Return | - |
| Trading Day | April 21 |
| Last Price | $80.37 |
| Previous Close | $79.35 |
| Change ($) | 1.02 |
| Change (%) | 1.29% |
| Day's Open | 79.16 |
| Day's Range | 79.16 - 80.41 |
| Day's Volume | 43,917 |
| 52-Week Range | 49.23 - 81.19 |
Fund Description
The investment seeks investment results before fees and expenses that track the NASDAQ-100® Equal Weighted Index. The fund, under normal circumstances, invests at least 80% of its assets in the securities that comprise the index. The index is the equal weighted version of the NASDAQ-100 Index which includes approximately 100 of the largest domestic and international non-financial companies listed on the NASDAQ® Stock Market based on market capitalization. The fund is non-diversified.
| Asset Class Equity | Sector Large Cap |
| Region North America | Inception Date Mar 21, 2012 |
| Exchange NYSEARCA | Ticker Symbol QQQE |
| Index Tracked NASDAQ-100 Equal Weighted TR Index | |
Top 10 Holdings
11.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Okta, Inc | OKTA | 1.19% |
| NVIDIA | NVDA | 1.13% |
| Adobe | ADBE | 1.11% |
| Intuitive Surgical | ISRG | 1.09% |
| CDW Corporation | CDW | 1.09% |
| Copart | CPRT | 1.09% |
| Xcel Energy | XEL | 1.08% |
| Lam Research | LRCX | 1.08% |
| Costco | COST | 1.08% |
| DexCom | DXCM | 1.08% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 23, 2021 | $0.087 | Mar 30, 2021 |
| Dec 22, 2020 | $0.113 | Dec 30, 2020 |
| Sep 22, 2020 | $0.082 | Sep 29, 2020 |
| Jun 23, 2020 | $0.089 | Jun 30, 2020 |
| Mar 24, 2020 | $0.086 | Mar 31, 2020 |
| Dec 23, 2019 | $0.129 | Dec 31, 2019 |
Forget the S&P 500 and even the Dow Jones Industrial Average. The big name in big-name indices – at least in the past few years – is the Nasdaq-100.
For good reason, the Nasdaq-100 Index (NDX) is one of the hottest equity benchmarks this year and has been for some time. However, investors looking to reduce some of the risk associated with cap-weight...
The traditional Nasdaq-100, the one most investors follow, is cap-weighted, meaning Apple, Microsoft Corporation MSFT 0.31% and other revered growth names take on out-sized portions of the benchmark.
These days, the NASDAQ-100 Index (NDX) is grabbing plenty of headlines and that adulation is well-deserved.
Plain vanilla, cap-weighted exchange-traded funds dominate the industry landscape, but there are plenty of potent offerings to consider with different and downright unique methodologies.
There's something to the concept of equally weighting stocks in exchange traded funds.
The Invesco QQQ recently turned 20 years old and today is home to $71.82 billion in assets under management, making it one of the largest U.S.-listed exchange traded funds.