J.W. Cole Advisors Inc. Sells 519 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

J.W. Cole Advisors Inc. reduced its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 11.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,826 shares of the company’s stock after selling 519 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $324,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQE. Wolff Wiese Magana LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $26,000. FNY Investment Advisers LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% in the 4th quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock worth $32,000 after purchasing an additional 315 shares in the last quarter. CWM LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 56.8% in the 3rd quarter. CWM LLC now owns 765 shares of the company’s stock worth $57,000 after purchasing an additional 277 shares in the last quarter. Spire Wealth Management raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 64.4% in the 3rd quarter. Spire Wealth Management now owns 881 shares of the company’s stock worth $66,000 after purchasing an additional 345 shares in the last quarter. Finally, NBC Securities Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $75,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.4 %

Shares of NASDAQ QQQE opened at $85.09 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $69.04 and a 12 month high of $89.86. The firm has a market capitalization of $1.18 billion, a PE ratio of 29.45 and a beta of 1.05. The firm has a fifty day simple moving average of $87.44 and a two-hundred day simple moving average of $82.88.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Wednesday, March 20th were given a $0.1907 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend was Tuesday, March 19th.

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.