Frisch Financial Group Inc. Has $17.12 Million Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Frisch Financial Group Inc. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 4.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 189,415 shares of the company's stock after purchasing an additional 8,099 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 5.1% of Frisch Financial Group Inc.'s portfolio, making the stock its 4th largest position. Frisch Financial Group Inc. owned about 1.33% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $17,116,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Berkshire Money Management Inc. increased its stake in shares of 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 valued at $71,052,000 after buying an additional 19,819 shares during the period. Total Investment Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $59,630,000. Waddell & Associates LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% during the third quarter. Waddell & Associates LLC now owns 374,445 shares of the company's stock valued at $33,775,000 after acquiring an additional 12,033 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company's stock worth $27,686,000 after purchasing an additional 303,364 shares during the period. Finally, BNP Paribas Financial Markets bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth $13,530,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.9 %

NASDAQ:QQQE traded down $0.81 during trading hours on Tuesday, hitting $94.47. 199,564 shares of the company were exchanged, compared to its average volume of 246,346. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $79.90 and a one year high of $96.39. The company has a fifty day simple moving average of $92.19 and a 200 day simple moving average of $89.62.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a yield of 0.68%. The ex-dividend date was Tuesday, September 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.