Frisch Financial Group Inc. lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 58.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,429 shares of the company’s stock after selling 105,191 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 1.5% of Frisch Financial Group Inc.’s holdings, making the stock its 19th biggest holding. Frisch Financial Group Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $7,333,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. International Assets Investment Management LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% in the 4th quarter. International Assets Investment Management LLC now owns 2,685 shares of the company’s stock valued at $275,000 after buying an additional 100 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock valued at $1,275,000 after acquiring an additional 107 shares during the period. Sanctuary Advisors LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 3,767 shares of the company’s stock valued at $385,000 after acquiring an additional 122 shares during the period. Kingsview Wealth Management LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,076 shares of the company’s stock valued at $315,000 after acquiring an additional 134 shares during the period. Finally, Beck Capital Management LLC raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the fourth quarter. Beck Capital Management LLC now owns 15,724 shares of the company’s stock worth $1,609,000 after purchasing an additional 137 shares in the last quarter.
Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.3%
Shares of QQQE opened at $118.42 on Friday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $95.64 and a 12 month high of $123.26. The company has a 50-day moving average price of $118.30 and a two-hundred day moving average price of $108.62.
Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement
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.
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