Carr Financial Group Corp Has $3.42 Million Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Carr Financial Group Corp decreased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 72.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,933 shares of the company's stock after selling 101,615 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 1.0% of Carr Financial Group Corp's investment portfolio, making the stock its 19th largest holding. Carr Financial Group Corp owned 0.27% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,422,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Montag A & Associates Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth approximately $26,000. Goodman Advisory Group LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth $54,000. Beaird Harris Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth $55,000. Banque Cantonale Vaudoise grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the second quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock worth $106,000 after acquiring an additional 247 shares during the last quarter. Finally, CWM LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the second quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after acquiring an additional 131 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.1 %

QQQE traded down $0.10 on Friday, reaching $93.98. The company had a trading volume of 288,462 shares, compared to its average volume of 243,832. The company has a fifty day moving average of $89.85 and a 200-day moving average of $88.52. The company has a market capitalization of $1.34 billion, a P/E ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $73.93 and a one year high of $94.26.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were paid a dividend of $0.1602 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Tuesday, September 24th.

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.