Commonwealth Equity Services LLC Sells 6,797 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Commonwealth Equity Services LLC trimmed its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 12.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,667 shares of the company’s stock after selling 6,797 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $4,979,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miller Global Investments LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $57,000. Assetmark Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $63,000. Optiver Holding B.V. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at $66,000. Pittenger & Anderson Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter valued at $75,000. Finally, American Capital Advisory LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.5% during the 4th quarter. American Capital Advisory LLC now owns 1,496 shares of the company’s stock valued at $153,000 after buying an additional 201 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 4.3%

NASDAQ:QQQE opened at $116.22 on Friday. The company has a fifty day moving average of $109.32 and a 200 day moving average of $105.04. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $94.29 and a 52 week high of $122.07. The firm has a market capitalization of $1.30 billion, a P/E ratio of 27.96 and a beta of 1.09.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1627 per share. This represents a $0.65 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, March 24th.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.