HighTower Advisors LLC Reduces Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

HighTower Advisors LLC decreased its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,382 shares of the company’s stock after selling 6,806 shares during the period. HighTower Advisors LLC owned 0.65% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $8,114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Total Investment Management Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% during the 4th quarter. Total Investment Management Inc. now owns 685,085 shares of the company’s stock worth $61,500,000 after purchasing an additional 24,002 shares during the period. Waddell & Associates LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% during the 3rd quarter. Waddell & Associates LLC now owns 374,445 shares of the company’s stock worth $33,775,000 after purchasing an additional 12,033 shares during the period. Frisch Financial Group Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% during the 3rd quarter. Frisch Financial Group Inc. now owns 189,415 shares of the company’s stock worth $17,116,000 after purchasing an additional 8,099 shares during the period. BNP Paribas Financial Markets purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth approximately $13,530,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $9,261,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $89.57 on Tuesday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 26.94 and a beta of 1.05. The company has a 50 day moving average price of $92.87 and a 200 day moving average price of $91.84. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $81.45 and a fifty-two week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $0.2402 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.