Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 32.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,826 shares of the company’s stock after selling 1,384 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $281,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company’s stock worth $3,633,000 after purchasing an additional 8,787 shares during the period. LeConte Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth about $10,162,000. LifeWealth Investments LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% in the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company’s stock worth $1,130,000 after acquiring an additional 4,729 shares during the period. Key Financial Inc acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth about $405,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% in the 1st quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company’s stock worth $54,541,000 after acquiring an additional 3,853 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.1%

QQQE stock opened at $103.50 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $103.95. The firm’s 50-day simple moving average is $99.25 and its 200 day simple moving average is $94.73. The stock has a market cap of $1.26 billion, a PE ratio of 27.96 and a beta of 1.05.

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.