Cascade Wealth Advisors Inc Has $422,000 Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Cascade Wealth Advisors Inc trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 38.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,705 shares of the company's stock after selling 2,943 shares during the quarter. Cascade Wealth Advisors Inc's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $422,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of QQQE. Stonebridge Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $31,000. Kestra Investment Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at approximately $31,000. SBI Securities Co. Ltd. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $34,000. Global Trust Asset Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $38,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $43,000.

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

Shares of QQQE stock traded down $2.21 during trading on Thursday, reaching $89.85. The company's stock had a trading volume of 631,877 shares, compared to its average volume of 254,967. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 28.59 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $81.45 and a one year high of $97.98. The business has a fifty day moving average price of $93.25 and a 200-day moving average price of $91.86.

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Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a $0.2402 dividend. The ex-dividend date was Monday, December 23rd.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.