Nations Financial Group Inc. IA ADV Lowers Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Nations Financial Group Inc. IA ADV trimmed its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 19.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,781 shares of the company’s stock after selling 7,304 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $2,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 12,466 shares of the company’s stock valued at $1,275,000 after purchasing an additional 107 shares during the period. World Investment Advisors purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $330,000. Virtu Financial LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $2,406,000. Mercer Global Advisors Inc. ADV bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $508,000. Finally, Beacon Pointe Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 5.5% in the fourth quarter. Beacon Pointe Advisors LLC now owns 53,780 shares of the company’s stock worth $5,502,000 after purchasing an additional 2,793 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $121.68 on Monday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $94.29 and a 12 month high of $123.26. The firm has a market capitalization of $1.36 billion, a P/E ratio of 27.96 and a beta of 1.09. The business has a fifty day simple moving average of $113.41 and a two-hundred day simple moving average of $106.43.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.