Beacon Pointe Advisors LLC Buys 8,100 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Beacon Pointe Advisors LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 37.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,959 shares of the company’s stock after purchasing an additional 8,100 shares during the quarter. Beacon Pointe Advisors LLC owned 0.24% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,945,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQE. Cetera Investment Advisers increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% in the first quarter. Cetera Investment Advisers now owns 28,926 shares of the company’s stock valued at $2,522,000 after purchasing an additional 3,703 shares during the last quarter. LeConte Wealth Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $10,162,000. Tradition Wealth Management LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 5.2% during the first quarter. Tradition Wealth Management LLC now owns 18,934 shares of the company’s stock worth $1,651,000 after purchasing an additional 938 shares in the last quarter. Frisch Financial Group Inc. grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 38.2% during the first quarter. Frisch Financial Group Inc. now owns 240,535 shares of the company’s stock valued at $20,972,000 after acquiring an additional 66,538 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company’s stock worth $54,541,000 after buying an additional 3,853 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.3%

NASDAQ:QQQE opened at $103.59 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $105.37. The business’s 50 day moving average is $101.97 and its two-hundred day moving average is $99.15. The company has a market cap of $1.24 billion, a PE ratio of 27.96 and a beta of 1.08.

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.