Avestar Capital LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 4.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 73,385 shares of the company’s stock after acquiring an additional 3,252 shares during the quarter. Avestar Capital LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $6,588,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stonebridge Financial Group LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $31,000. Global Trust Asset Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $38,000. Heck Capital Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $43,000. New Wave Wealth Advisors LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $63,000. Finally, JPMorgan Chase & Co. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 639.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 910 shares of the company’s stock worth $82,000 after acquiring an additional 787 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance
NASDAQ:QQQE opened at $95.60 on Thursday. The firm has a 50-day simple moving average of $92.90 and a 200-day simple moving average of $90.87. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $81.45 and a one year high of $96.39. The firm has a market cap of $1.33 billion, a P/E ratio of 28.84 and a beta of 1.05.
Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend
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.
Further Reading
- Five stocks we like better than Direxion NASDAQ-100 Equal Weighted Index Shares
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Will Eli Lilly Stock Keep Climbing? Q2 Trial Results Are Crucial
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Double-Digit Gains Ahead? These 2 Cybersecurity Stocks Look Ready
- Using the MarketBeat Stock Split Calculator
- Will Falling Bond Yields Send These 2 Small Caps Soaring?
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).
Receive News & Ratings for Direxion NASDAQ-100 Equal Weighted Index Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion NASDAQ-100 Equal Weighted Index Shares and related companies with MarketBeat.com's FREE daily email newsletter.
