Gateway Advisory LLC Sells 249 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Gateway Advisory LLC lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,937 shares of the company’s stock after selling 249 shares during the quarter. Gateway Advisory LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Waddell & Associates LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock valued at $30,037,000 after buying an additional 335,528 shares during the period. Avestar Capital LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at approximately $4,685,000. CAP Partners LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $4,487,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 699.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 49,900 shares of the company’s stock worth $4,223,000 after purchasing an additional 43,662 shares during the period. Finally, MRA Advisory Group lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% in the second quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock valued at $9,373,000 after purchasing an additional 43,058 shares during the last quarter.

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

Shares of NASDAQ QQQE opened at $89.62 on Tuesday. The stock has a fifty day simple moving average of $87.64 and a two-hundred day simple moving average of $87.70. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.06. The firm has a market cap of $1.39 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.