Migdal Insurance & Financial Holdings Ltd. Decreases Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Migdal Insurance & Financial Holdings Ltd. reduced its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,740 shares of the company’s stock after selling 190 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,595,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQE. Strategic Financial Concepts LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $1,636,000. DAVENPORT & Co LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 9.9% during the fourth quarter. DAVENPORT & Co LLC now owns 14,983 shares of the company’s stock valued at $1,345,000 after acquiring an additional 1,355 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $43,000. New Wave Wealth Advisors LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at about $63,000. Finally, Gateway Wealth Partners LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 16.9% during the fourth quarter. Gateway Wealth Partners LLC now owns 25,433 shares of the company’s stock valued at $2,283,000 after acquiring an additional 3,671 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE opened at $95.44 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $81.45 and a 1-year high of $96.39. The stock has a market cap of $1.33 billion, a PE ratio of 28.84 and a beta of 1.05. The firm has a 50-day simple moving average of $92.86 and a two-hundred day simple moving average of $90.65.

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.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.