Goldman Sachs Group Inc. Cuts Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Goldman Sachs Group Inc. lessened its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 51.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 625,323 shares of the company’s stock after selling 674,677 shares during the quarter. Goldman Sachs Group Inc. owned approximately 4.77% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $52,927,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $6,272,000. Dana Investment Advisors Inc. purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $826,000. CAP Partners LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $4,487,000. Nations Financial Group Inc. IA ADV grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 21.8% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 55,713 shares of the company’s stock worth $4,716,000 after buying an additional 9,985 shares in the last quarter. Finally, Waddell & Associates LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% in the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock valued at $30,037,000 after purchasing an additional 335,528 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.2 %

Shares of QQQE opened at $89.44 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $70.18 and a 12-month high of $89.86. The firm has a 50-day moving average price of $86.79 and a 200 day moving average price of $86.21. The firm has a market capitalization of $1.25 billion, a P/E ratio of 28.84 and a beta of 1.05.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.