Rothschild & Co Wealth Management UK Ltd Cuts Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Rothschild & Co Wealth Management UK Ltd reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 27.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 109,231 shares of the company's stock after selling 42,160 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 0.2% of Rothschild & Co Wealth Management UK Ltd's investment portfolio, making the stock its 18th largest holding. Rothschild & Co Wealth Management UK Ltd owned 0.78% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $9,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of QQQE. Global Trust Asset Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at approximately $38,000. Goodman Advisory Group LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $54,000. Beaird Harris Wealth Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at $55,000. JPMorgan Chase & Co. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 910 shares of the company's stock worth $82,000 after purchasing an additional 787 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth about $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ QQQE traded up $0.13 on Thursday, hitting $94.49. 434,599 shares of the stock traded hands, compared to its average volume of 237,786. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business's fifty day moving average is $92.67 and its two-hundred day moving average is $90.39. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $81.45 and a 12 month high of $96.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued 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.