Envestnet Asset Management Inc. Trims Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Envestnet Asset Management Inc. lowered its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,445 shares of the company’s stock after selling 4,213 shares during the quarter. Envestnet Asset Management Inc. owned about 1.40% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $17,545,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in QQQE. Total Investment Management Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after acquiring an additional 24,002 shares during the last quarter. LPL Financial LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the fourth quarter. LPL Financial LLC now owns 262,922 shares of the company’s stock worth $23,603,000 after purchasing an additional 5,090 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $9,261,000. MRA Advisory Group increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.8% in 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 during the last quarter. Finally, Avestar Capital LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% during the 4th quarter. Avestar Capital LLC now owns 73,385 shares of the company’s stock valued at $6,588,000 after buying an additional 3,252 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ QQQE opened at $83.84 on Wednesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $97.98. The company has a fifty day moving average of $89.48 and a 200-day moving average of $91.32. The company has a market capitalization of $1.19 billion, a P/E ratio of 26.69 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Tuesday, March 25th.

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.