Avestar Capital LLC Cuts Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Avestar Capital LLC reduced its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,133 shares of the company’s stock after selling 1,515 shares during the quarter. Avestar Capital LLC owned approximately 0.49% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $6,326,000 as of its most recent SEC filing.

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

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of QQQE stock opened at $95.02 on Tuesday. The stock’s fifty day moving average price is $91.09 and its 200 day moving average price is $89.13. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $78.04 and a 1-year high of $95.41. The company has a market cap of $1.35 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were paid 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 dividend yield of 0.67%.

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.