DHJJ Financial Advisors Ltd. Grows Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

DHJJ Financial Advisors Ltd. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 5.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,911 shares of the company’s stock after purchasing an additional 210 shares during the period. DHJJ Financial Advisors Ltd.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $384,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Total Investment Management Inc. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% in the 1st quarter. Total Investment Management Inc. now owns 718,322 shares of the company’s stock worth $62,630,000 after acquiring an additional 33,237 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company’s stock worth $54,541,000 after purchasing an additional 3,853 shares during the period. Waddell & Associates LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.0% in the first quarter. Waddell & Associates LLC now owns 386,838 shares of the company’s stock worth $33,728,000 after purchasing an additional 3,845 shares during the last quarter. LPL Financial LLC grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% in the first quarter. LPL Financial LLC now owns 317,160 shares of the company’s stock worth $27,653,000 after purchasing an additional 54,238 shares during the last quarter. Finally, Frisch Financial Group Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 38.2% during the 1st quarter. Frisch Financial Group Inc. now owns 240,535 shares of the company’s stock valued at $20,972,000 after purchasing an additional 66,538 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE opened at $102.73 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $102.76. The business has a 50 day simple moving average of $99.04 and a two-hundred day simple moving average of $94.34. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05.

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.