Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by Avestar Capital LLC

Avestar Capital LLC trimmed its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,133 shares of the company’s stock after selling 1,515 shares during the period. Avestar Capital LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in QQQE. Total Investment Management Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $59,630,000. International Assets Investment Management LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the third quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock worth $27,686,000 after purchasing an additional 303,364 shares during the period. Astor Investment Management LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the third quarter valued at approximately $7,028,000. MRA Advisory Group boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% in the second quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock valued at $9,373,000 after buying an additional 43,058 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock worth $3,634,000 after buying an additional 34,636 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 1.1 %

QQQE opened at $95.02 on Tuesday. The firm has a 50 day moving average of $91.09 and a two-hundred day moving average of $89.13. The firm has a market capitalization of $1.35 billion, a PE ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $78.04 and a 12-month high of $95.41.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.67%.

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.