Janney Montgomery Scott LLC Sells 5,665 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Janney Montgomery Scott LLC decreased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 33.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,422 shares of the company’s stock after selling 5,665 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,030,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Goodman Advisory Group LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the second quarter worth about $54,000. Beaird Harris Wealth Management LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at approximately $55,000. Banque Cantonale Vaudoise boosted its holdings in shares of 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 buying an additional 247 shares in the last quarter. CWM LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% during the 2nd quarter. CWM LLC now owns 1,312 shares of the company’s stock worth $116,000 after buying an additional 131 shares in the last quarter. Finally, Raleigh Capital Management Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at $142,000.

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

NASDAQ QQQE opened at $90.85 on Friday. The company has a fifty day simple moving average of $90.32 and a 200 day simple moving average of $88.73. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $76.87 and a 12-month high of $94.29. The company has a market cap of $1.29 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.