Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 73.7% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,189 shares of the company's stock after selling 17,382 shares during the quarter. Sigma Planning Corp's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of QQQE. Goodman Advisory Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at about $54,000. Beaird Harris Wealth Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter valued at approximately $55,000. Banque Cantonale Vaudoise boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company's stock worth $106,000 after purchasing an additional 247 shares during the last quarter. CWM LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the 2nd quarter. CWM LLC now owns 1,312 shares of the company's stock worth $116,000 after acquiring an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter worth approximately $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $2.26 on Friday, reaching $90.79. The company had a trading volume of 612,856 shares, compared to its average volume of 246,374. The firm's 50 day moving average price is $90.32 and its two-hundred day moving average price is $88.73. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $76.87 and a 52-week high of $94.29. The firm has a market cap of $1.29 billion, a PE ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.71%.

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.