Raymond James & Associates Has $4.80 Million Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Raymond James & Associates decreased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 26.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,244 shares of the company’s stock after selling 19,157 shares during the quarter. Raymond James & Associates’ holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $4,803,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Berkshire Money Management Inc. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the 2nd quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after acquiring an additional 19,819 shares during the period. KMG Fiduciary Partners LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at about $1,964,000. B. Riley Wealth Advisors Inc. lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% in the second quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock valued at $3,634,000 after buying an additional 34,636 shares during the period. Ameritas Advisory Services LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.6% during the second quarter. Ameritas Advisory Services LLC now owns 35,580 shares of the company’s stock worth $3,157,000 after buying an additional 4,813 shares during the last quarter. Finally, MRA Advisory Group grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock worth $9,373,000 after buying an additional 43,058 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $89.72 on Friday. The firm’s 50 day simple moving average is $89.51 and its 200 day simple moving average is $88.20. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $72.80 and a fifty-two week high of $92.68. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a $0.1602 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, September 24th.

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.