Gateway Advisory LLC Sells 164 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Gateway Advisory LLC lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 4.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,665 shares of the company’s stock after selling 164 shares during the period. Gateway Advisory LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $282,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. IFP Advisors Inc raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.2% in the 2nd quarter. IFP Advisors Inc now owns 7,005 shares of the company’s stock valued at $317,000 after acquiring an additional 149 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.6% in the second quarter. Vestmark Advisory Solutions Inc. now owns 3,141 shares of the company’s stock valued at $242,000 after purchasing an additional 194 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 14,579 shares of the company’s stock valued at $1,122,000 after purchasing an additional 271 shares during the last quarter. Wealthcare Advisory Partners LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,648 shares of the company’s stock worth $627,000 after buying an additional 327 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. First Republic Investment Management Inc. now owns 16,812 shares of the company’s stock worth $1,073,000 after buying an additional 374 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.4 %

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.29 on Friday, hitting $77.52. 540,110 shares of the company traded hands, compared to its average volume of 245,722. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $62.42 and a 12-month high of $81.00. The company has a market cap of $837.22 million, a P/E ratio of 20.91 and a beta of 1.05. The firm’s 50-day simple moving average is $74.78 and its 200 day simple moving average is $75.52.

Direxion NASDAQ-100 Equal Weighted Index Shares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 26th. Shareholders of record on Wednesday, September 20th were given a dividend of $0.1652 per share. The ex-dividend date was Tuesday, September 19th. This represents a $0.66 dividend on an annualized basis and a yield of 0.85%.

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.