Direxion NASDAQ-100 Equal Weighted Index ETF $QQQE Holdings Lessened by MRA Advisory Group

MRA Advisory Group cut its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE) by 8.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,597 shares of the company’s stock after selling 6,118 shares during the period. Direxion NASDAQ-100 Equal Weighted Index ETF comprises about 2.9% of MRA Advisory Group’s investment portfolio, making the stock its 8th biggest holding. MRA Advisory Group owned approximately 0.55% of Direxion NASDAQ-100 Equal Weighted Index ETF worth $7,999,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in QQQE. Eastern Bank bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF during the third quarter worth about $30,000. NewEdge Advisors LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index ETF by 666.9% in the 2nd quarter. NewEdge Advisors LLC now owns 1,994 shares of the company’s stock valued at $243,000 after acquiring an additional 1,734 shares during the last quarter. Range Advisory LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF during the 2nd quarter valued at approximately $209,000. Ameritas Advisory Services LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index ETF by 591.7% during the second quarter. Ameritas Advisory Services LLC now owns 51,241 shares of the company’s stock worth $6,252,000 after purchasing an additional 43,833 shares during the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index ETF in the second quarter worth $203,000.

Direxion NASDAQ-100 Equal Weighted Index ETF Trading Down 0.8%

QQQE traded down $1.04 during trading on Wednesday, reaching $121.95. 57,038 shares of the company were exchanged, compared to its average volume of 219,238. Direxion NASDAQ-100 Equal Weighted Index ETF has a 52 week low of $95.64 and a 52 week high of $125.00. The firm has a 50 day moving average of $120.69 and a 200 day moving average of $115.51. The stock has a market cap of $1.48 billion, a P/E ratio of 27.96 and a beta of 1.09.

Direxion NASDAQ-100 Equal Weighted Index ETF 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.