SageView Advisory Group LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,550 shares of the company’s stock, valued at approximately $307,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Waddell & Associates LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the 4th quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock valued at $30,037,000 after acquiring an additional 335,528 shares in the last quarter. UBS Group AG grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 14.6% during the fourth quarter. UBS Group AG now owns 180,408 shares of the company’s stock worth $15,270,000 after purchasing an additional 22,917 shares during the last quarter. Carr Financial Group Corp acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $12,032,000. SteelPeak Wealth LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $11,427,000. Finally, Ratio Wealth Group boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% during the 4th quarter. Ratio Wealth Group now owns 130,191 shares of the company’s stock worth $11,019,000 after buying an additional 15,633 shares during the period.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
QQQE opened at $89.44 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $70.18 and a fifty-two week high of $89.86. The company’s 50 day moving average price is $86.79 and its two-hundred day moving average price is $86.21. The firm has a market capitalization of $1.25 billion, a price-to-earnings 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.
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