Rothschild & Co Wealth Management UK Ltd Sells 42,160 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Rothschild & Co Wealth Management UK Ltd cut its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 27.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 109,231 shares of the company’s stock after selling 42,160 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares comprises 0.2% of Rothschild & Co Wealth Management UK Ltd’s holdings, making the stock its 18th biggest position. Rothschild & Co Wealth Management UK Ltd’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $9,806,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Atria Investments Inc bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth approximately $2,177,000. Total Investment Management Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth $59,630,000. Frisch Financial Group Inc. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.5% in 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. KMG Fiduciary Partners LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $1,964,000. Finally, Astor Investment Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter worth about $7,028,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ:QQQE opened at $94.36 on Thursday. The company has a market capitalization of $1.30 billion, a P/E ratio of 28.84 and a beta of 1.05. The company has a 50-day simple moving average of $92.66 and a 200 day simple moving average of $90.37. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $81.45 and a 52-week high of $96.39.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

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