KCM Investment Advisors LLC Makes New Investment in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

KCM Investment Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,210 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also modified their holdings of QQQE. Ancora Advisors LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the first quarter. Ancora Advisors LLC now owns 469 shares of the company’s stock worth $41,000 after acquiring an additional 115 shares during the period. Traphagen Investment Advisors LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.8% during the second quarter. Traphagen Investment Advisors LLC now owns 4,515 shares of the company’s stock valued at $444,000 after purchasing an additional 123 shares during the last quarter. CreativeOne Wealth LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the 1st quarter. CreativeOne Wealth LLC now owns 4,861 shares of the company’s stock worth $424,000 after purchasing an additional 126 shares during the period. Mystic Asset Management Inc. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the 1st quarter. Mystic Asset Management Inc. now owns 13,465 shares of the company’s stock worth $1,174,000 after purchasing an additional 145 shares during the last quarter. Finally, Flagstar Advisors Inc. lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% in the 2nd quarter. Flagstar Advisors Inc. now owns 13,082 shares of the company’s stock worth $1,288,000 after purchasing an additional 190 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE opened at $101.08 on Monday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 27.96 and a beta of 1.08. The business has a 50 day simple moving average of $101.28 and a 200 day simple moving average of $97.83. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $105.37.

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.