Janney Montgomery Scott LLC Sells 5,665 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Janney Montgomery Scott LLC cut its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 33.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,422 shares of the company’s stock after selling 5,665 shares during the period. Janney Montgomery Scott LLC owned approximately 0.08% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,030,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $55,000. Banque Cantonale Vaudoise raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after buying an additional 247 shares during the period. CWM LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after buying an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 2.4 %

NASDAQ QQQE opened at $90.85 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $76.87 and a 12-month high of $94.29. The firm’s 50 day moving average is $90.32 and its 200-day moving average is $88.73.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.71%.

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.