Envestnet Asset Management Inc. Sells 62,121 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Envestnet Asset Management Inc. decreased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 57.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 46,294 shares of the company’s stock after selling 62,121 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $4,551,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company’s stock worth $3,633,000 after buying an additional 8,787 shares in the last quarter. LeConte Wealth Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth $10,162,000. Ameriprise Financial Inc. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company’s stock worth $54,541,000 after acquiring an additional 3,853 shares during the last quarter. Cetera Investment Advisers increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% in the 1st quarter. Cetera Investment Advisers now owns 28,926 shares of the company’s stock worth $2,522,000 after purchasing an additional 3,703 shares in the last quarter. Finally, B&D White Capital Company LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $20,307,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 1.6%

Shares of QQQE stock opened at $100.82 on Friday. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The business’s 50-day moving average price is $101.63 and its 200-day moving average price is $98.10. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $105.37.

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.