Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by LJI Wealth Management LLC

LJI Wealth Management LLC lessened its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 5.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,321 shares of the company’s stock after selling 126 shares during the period. LJI Wealth Management LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $209,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of QQQE. Goodman Advisory Group LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth about $54,000. Beaird Harris Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 2nd quarter worth approximately $55,000. Banque Cantonale Vaudoise lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 25.9% during the 2nd quarter. Banque Cantonale Vaudoise now owns 1,199 shares of the company’s stock worth $106,000 after acquiring an additional 247 shares during the period. CWM LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after buying an additional 131 shares during the period. Finally, Raleigh Capital Management Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $142,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 2.4 %

NASDAQ QQQE traded down $2.20 during mid-day trading on Friday, hitting $90.85. The stock had a trading volume of 874,719 shares, compared to its average volume of 247,554. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $76.87 and a 52-week high of $94.29. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The company has a 50 day simple moving average of $90.44 and a 200 day simple moving average of $88.76.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were issued a dividend of $0.1602 per share. This represents a $0.64 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Tuesday, September 24th.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.