Waddell & Associates LLC Has $41.45 Million Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Waddell & Associates LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 407,902 shares of the company’s stock after acquiring an additional 12,839 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up about 3.5% of Waddell & Associates LLC’s holdings, making the stock its 13th largest holding. Waddell & Associates LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $41,447,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in QQQE. Ameriprise Financial Inc. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 631,319 shares of the company’s stock valued at $62,072,000 after purchasing an additional 5,736 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company’s stock worth $19,800,000 after buying an additional 100,000 shares during the period. Avestar Capital LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 21.5% in the 2nd quarter. Avestar Capital LLC now owns 88,163 shares of the company’s stock valued at $8,675,000 after buying an additional 15,606 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 52,349 shares of the company’s stock worth $5,146,000 after acquiring an additional 10,686 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 50,365 shares of the company’s stock worth $5,118,000 after acquiring an additional 4,071 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock opened at $102.83 on Wednesday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company has a 50-day moving average of $103.60 and a two-hundred day moving average of $101.86. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $107.06.

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.