Jones Financial Companies Lllp Has $5.08 Million Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Jones Financial Companies Lllp increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 17.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,319 shares of the company’s stock after buying an additional 7,483 shares during the period. Jones Financial Companies Lllp’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $5,083,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth approximately $206,000. Wealthcare Advisory Partners LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth approximately $221,000. CWM LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 138.5% in the 2nd quarter. CWM LLC now owns 13,349 shares of the company’s stock worth $1,312,000 after purchasing an additional 7,753 shares in the last quarter. Total Clarity Wealth Management Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter worth $200,000. Finally, Mutual Advisors LLC grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.2% in the 2nd quarter. Mutual Advisors LLC now owns 10,888 shares of the company’s stock valued at $1,093,000 after purchasing an additional 634 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 2.1%

Shares of QQQE stock opened at $102.55 on Friday. The firm has a fifty day simple moving average of $103.78 and a two-hundred day simple moving average of $101.52. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $107.06. The firm has a market capitalization of $1.21 billion, a PE ratio of 27.96 and a beta of 1.08.

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.