Sigma Planning Corp Reduces Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Sigma Planning Corp decreased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 73.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,189 shares of the company’s stock after selling 17,382 shares during the quarter. Sigma Planning Corp’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in QQQE. Envestnet Portfolio Solutions Inc. purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $329,000. Avantax Advisory Services Inc. lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.6% during the first quarter. Avantax Advisory Services Inc. now owns 11,396 shares of the company’s stock valued at $1,017,000 after buying an additional 906 shares during the period. Kingsview Wealth Management LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at $202,000. Orion Portfolio Solutions LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% during the first quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after buying an additional 146 shares during the period. Finally, Resurgent Financial Advisors LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at $210,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.8 %

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $93.05 on Friday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 28.84 and a beta of 1.05. The business has a fifty day simple moving average of $90.20 and a two-hundred day simple moving average of $88.70. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $76.87 and a 12 month high of $94.29.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. This represents a $0.64 annualized dividend and a yield of 0.69%. 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.