Direxion NASDAQ-100 Equal Weighted Index Fund (QQQE)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
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Should Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) Be on Your Investing Radar?
The Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) was launched on March 21, 2012, and is a passively managed exchange traded fund designed to offer broad exposure to the Large Cap Growth segment of the US equity market.
QQQE Vs. QQQ: The Former Wins On Both Fundamentals And Technicals Currently
I prefer QQQE over QQQ and QQQM for the next twelve months. It's a tactical satellite trade, not core, and it mirrors my RSP trade in the S&P 500. Equal weighting cuts technology from 60% to 45% of the portfolio, and the two funds share only 52% of their weight despite holding the exact same stock list. Fundamentals favor market cap. Forward PE is close at 21.4x vs. 22.3x, but QQQM's return on equity is 47.5% against 24.6% for QQQE.
Should Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) Be on Your Investing Radar?
Designed to provide broad exposure to the Large Cap Growth segment of the US equity market, the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) is a passively managed exchange traded fund launched on March 21, 2012.
Direxion NASDAQ-100 Equal Weighted Index Fund Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 53,865 | $6.57M | $6.38M | -$190,274.08 | -2.9% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 77 | $7,610.35 | $9,122.78 | $1,512.43 | 19.87% |
| NA Nizar Araji National Bank Of Canada /FI/ | 839 | $75,212.8 | $100,344.4 | $25,131.6 | 33.41% |
| MN Marcia Nakamura Fairview Capital Investment Management LLC | 2,765 | $272,435 | $326,740.05 | $54,305.05 | 19.93% |
| MBV Matthew B. Vawter NATIONS FINANCIAL GROUP Inc., /IA/ /ADV | 27,226 | $2.26M | $3.19M | $932,609.22 | 41.35% |
Direxion NASDAQ-100 Equal Weighted Index Fund (QQQE) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Direxion NASDAQ-100 Equal Weighted Index Fund ever had a stock split?
Direxion NASDAQ-100 Equal Weighted Index Fund Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
The fund is an investment vehicle that primarily focuses on replicating the performance of the NASDAQ-100 Index®, but with a distinct approach by equal weighting the index components. This strategy targets at least 80% of its assets to be invested in securities that are either part of the index or possess similar economic characteristics to those securities. The NASDAQ-100 Index® is renowned for representing approximately 100 of the largest non-financial domestic and international companies listed on the NASDAQ® Stock Market, based on market capitalization. However, it is important to note that the fund is classified as non-diversified, concentrating its investments more narrowly than diversified funds.
Products and Services
The main product offered by the fund is its investment portfolio, which is structured around the unique equal-weighted version of the NASDAQ-100 Index®. Below is a detailed overview of this offering:
- Equal Weighted NASDAQ-100 Index® Investment Strategy
This approach to investment seeks to replicate the performance of the equal weighted version of the NASDAQ-100 Index®. By allocating assets equally among the approximated 100 large-cap domestic and international non-financial companies that form the index, the strategy endeavors to provide a distinct return profile compared to the market capitalization-weighted indexes. The focus on equal weighting allows for potential overperformance compared to the conventional index, especially if smaller companies within the index outperform their larger counterparts.
Contact Information
