Traphagen Investment Advisors LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,515 shares of the company’s stock after acquiring an additional 123 shares during the quarter. Traphagen Investment Advisors LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $444,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of QQQE. Wealth Enhancement Advisory Services LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $305,000. Sowell Financial Services LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth approximately $728,000. DHJJ Financial Advisors Ltd. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.3% in the 1st quarter. DHJJ Financial Advisors Ltd. now owns 3,701 shares of the company’s stock worth $323,000 after acquiring an additional 284 shares during the period. LifeWealth Investments LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% in the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company’s stock worth $1,130,000 after acquiring an additional 4,729 shares during the period. Finally, White Pine Investment CO boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.6% in the 1st quarter. White Pine Investment CO now owns 33,675 shares of the company’s stock worth $2,936,000 after acquiring an additional 2,367 shares during the period.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.7%
NASDAQ QQQE opened at $102.42 on Wednesday. The stock has a market cap of $1.25 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $103.95. The business has a 50 day moving average price of $99.18 and a two-hundred day moving average price of $94.67.
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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