HighTower Advisors LLC cut its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,382 shares of the company's stock after selling 6,806 shares during the quarter. HighTower Advisors LLC owned approximately 0.65% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $8,114,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $9,261,000. Dana Investment Advisors Inc. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,394 shares of the company's stock worth $664,000 after buying an additional 112 shares in the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $34,000. Jones Financial Companies Lllp raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 348.5% during the 4th quarter. Jones Financial Companies Lllp now owns 30,939 shares of the company's stock worth $2,777,000 after buying an additional 24,040 shares in the last quarter. Finally, Private Capital Management LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6.5% during the 3rd quarter. Private Capital Management LLC now owns 3,897 shares of the company's stock worth $352,000 after buying an additional 239 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance
Shares of QQQE stock traded down $0.12 during trading hours on Friday, reaching $88.89. 320,226 shares of the company's stock were exchanged, compared to its average volume of 263,016. The company has a market cap of $1.24 billion, a P/E ratio of 26.94 and a beta of 1.05. The company's 50 day moving average is $92.75 and its two-hundred day moving average is $91.80. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $81.45 and a 1 year high of $97.98.
About Direxion NASDAQ-100 Equal Weighted Index Shares
(
Free Report)
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.
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