Raymond James & Associates Decreases Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NYSEARCA:QQQE)

Raymond James & Associates lowered its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NYSEARCA:QQQE – Get Rating) by 2.6% during the fourth quarter, HoldingsChannel reports. The firm owned 89,897 shares of the company’s stock after selling 2,421 shares during the period. Raymond James & Associates’ holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $5,738,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in QQQE. Goldman Sachs Group Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4,689.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,262,334 shares of the company’s stock worth $174,992,000 after buying an additional 2,215,100 shares during the period. Presidio Capital Management LLC purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $16,446,000. LPL Financial LLC lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.7% in the fourth quarter. LPL Financial LLC now owns 192,362 shares of the company’s stock worth $12,278,000 after acquiring an additional 48,483 shares in the last quarter. Bank of America Corp DE boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 88.2% in the first quarter. Bank of America Corp DE now owns 184,589 shares of the company’s stock valued at $14,277,000 after purchasing an additional 86,493 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter valued at approximately $11,603,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.2 %

QQQE stock opened at $72.31 on Monday. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $57.41 and a twelve month high of $73.86. The company has a market capitalization of $618.25 million, a P/E ratio of 20.91 and a beta of 1.05. The firm has a 50 day simple moving average of $70.56 and a 200-day simple moving average of $68.46.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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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.