Cetera Investment Advisers Decreases Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Cetera Investment Advisers reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,739 shares of the company’s stock after selling 1,187 shares during the period. Cetera Investment Advisers’ holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Ancora Advisors LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% in the first quarter. Ancora Advisors LLC now owns 469 shares of the company’s stock worth $41,000 after buying an additional 115 shares during the period. Traphagen Investment Advisors LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.8% during the 2nd quarter. Traphagen Investment Advisors LLC now owns 4,515 shares of the company’s stock valued at $444,000 after buying an additional 123 shares during the period. CreativeOne Wealth LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the 1st quarter. CreativeOne Wealth LLC now owns 4,861 shares of the company’s stock worth $424,000 after acquiring an additional 126 shares in the last quarter. Flagstar Advisors Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% during the 2nd quarter. Flagstar Advisors Inc. now owns 13,082 shares of the company’s stock worth $1,288,000 after acquiring an additional 190 shares in the last quarter. Finally, Legacy Capital Group California Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the 1st quarter. Legacy Capital Group California Inc. now owns 17,409 shares of the company’s stock worth $1,518,000 after acquiring an additional 193 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 0.6%

Shares of NASDAQ:QQQE opened at $101.22 on Friday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company has a 50 day moving average of $101.76 and a two-hundred day moving average of $98.86. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $105.37.

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.