MRA Advisory Group trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 42.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,972 shares of the company’s stock after selling 52,132 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 2.9% of MRA Advisory Group’s portfolio, making the stock its 10th largest position. MRA Advisory Group owned approximately 0.62% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $7,091,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the business. Ramiah Investment Group bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth approximately $6,412,000. LifeWealth Investments LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 30.1% during the first quarter. LifeWealth Investments LLC now owns 24,630 shares of the company’s stock worth $2,427,000 after buying an additional 5,702 shares during the period. White Pine Investment CO boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.6% during the 1st quarter. White Pine Investment CO now owns 37,273 shares of the company’s stock valued at $3,673,000 after acquiring an additional 2,624 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock valued at $1,275,000 after acquiring an additional 107 shares during the period. Finally, World Investment Advisors purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $330,000.
Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.7%
QQQE opened at $118.68 on Friday. The firm has a market cap of $1.33 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $95.64 and a 12 month high of $123.26. The stock has a fifty day moving average price of $115.08 and a 200-day moving average price of $106.97.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
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.
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