Wambolt & Associates LLC reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 10.4% during the fourth quarter, HoldingsChannel reports. The fund owned 23,816 shares of the company’s stock after selling 2,774 shares during the period. Wambolt & Associates LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,138,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Runnymede Capital Advisors Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at about $26,000. Stonebridge Financial Group LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $31,000. Kestra Investment Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter valued at $34,000. Finally, 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 $38,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
NASDAQ QQQE opened at $90.73 on Tuesday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 26.94 and a beta of 1.05. The stock has a 50-day moving average of $92.76 and a 200 day moving average of $91.88. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $81.45 and a one year high of $97.98.
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.
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Want to see what other hedge funds are holding QQQE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report).
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