Commonwealth Equity Services LLC Cuts Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Commonwealth Equity Services LLC lessened its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,667 shares of the company’s stock after selling 6,797 shares during the period. Commonwealth Equity Services LLC owned approximately 0.41% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,979,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Renaissance Technologies LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $338,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 14.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,245 shares of the company’s stock worth $537,000 after acquiring an additional 652 shares during the last quarter. Wedbush Securities Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $221,000. Gateway Wealth Partners LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% in the 4th quarter. Gateway Wealth Partners LLC now owns 27,452 shares of the company’s stock worth $2,809,000 after acquiring an additional 1,209 shares during the last quarter. Finally, Waddell & Associates LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the 4th quarter. Waddell & Associates LLC now owns 412,249 shares of the company’s stock worth $42,177,000 after acquiring an additional 4,347 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE opened at $116.22 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $94.29 and a fifty-two week high of $122.07. The firm has a 50 day moving average price of $109.32 and a 200-day moving average price of $105.04.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.1627 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, March 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.