Private Advisor Group LLC Cuts Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Private Advisor Group LLC lessened its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,987 shares of the company’s stock after selling 619 shares during the quarter. Private Advisor Group LLC owned 0.11% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Berkshire Money Management Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% in the second quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after buying an additional 19,819 shares during the last quarter. Waddell & Associates LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% in the 4th quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock worth $30,037,000 after acquiring an additional 335,528 shares during the last quarter. UBS Group AG lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.6% in the 4th quarter. UBS Group AG now owns 180,408 shares of the company’s stock valued at $15,270,000 after acquiring an additional 22,917 shares in the last quarter. Carr Financial Group Corp boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% during the 1st quarter. Carr Financial Group Corp now owns 142,795 shares of the company’s stock valued at $12,737,000 after purchasing an additional 639 shares during the last quarter. Finally, Ratio Wealth Group increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% in the 4th quarter. Ratio Wealth Group now owns 130,191 shares of the company’s stock worth $11,019,000 after purchasing an additional 15,633 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $88.45 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $70.18 and a 1 year high of $92.06. The company has a market cap of $1.38 billion, a P/E ratio of 28.84 and a beta of 1.05. The stock’s fifty day moving average price is $87.82 and its 200-day moving average price is $87.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 2nd. Stockholders of record on Tuesday, June 25th were issued a dividend of $0.1796 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date was Tuesday, June 25th.

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.