Ramiah Investment Group acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 65,072 shares of the company’s stock, valued at approximately $6,412,000. Direxion NASDAQ-100 Equal Weighted Index Shares comprises 5.6% of Ramiah Investment Group’s holdings, making the stock its 5th biggest holding.
Several other institutional investors have also recently made changes to their positions in QQQE. International Assets Investment Management LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% during the fourth quarter. International Assets Investment Management LLC now owns 2,685 shares of the company’s stock valued at $275,000 after purchasing an additional 100 shares during the period. Rockefeller Capital Management L.P. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock worth $1,275,000 after purchasing an additional 107 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% during the 4th quarter. Sanctuary Advisors LLC now owns 3,767 shares of the company’s stock valued at $385,000 after buying an additional 122 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,076 shares of the company’s stock valued at $315,000 after buying an additional 134 shares during the last quarter. Finally, Beck Capital Management LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the 4th quarter. Beck Capital Management LLC now owns 15,724 shares of the company’s stock valued at $1,609,000 after buying an additional 137 shares during the period.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.7%
Shares of QQQE opened at $118.68 on Friday. The company has a market capitalization 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 52 week low of $95.64 and a 52 week high of $123.26. The stock’s 50-day moving average price is $115.08 and its 200-day moving average price is $106.97.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
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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