Cwm LLC Increases Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• Cwm LLC increased its stake in the Direxion NASDAQ-100 Equal Weighted Index Shares by 138.5% in the second quarter, now holding 13,349 shares valued at approximately $1.31 million.
• Several other hedge funds have also adjusted their holdings in QQQE, with notable increases from Northwestern Mutual Wealth Management Co. by 26.7% and new stakes from LeConte Wealth Management and Key Financial Inc..
• As of the latest trading day, shares of QQQE opened at $103.24, reflecting a 52-week range between $75.07 and $103.95, with a market cap of $1.31 billion.

Cwm LLC boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 138.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,349 shares of the company's stock after acquiring an additional 7,753 shares during the period. Cwm LLC owned 0.11% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,312,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company's stock valued at $3,633,000 after buying an additional 8,787 shares during the last quarter. LeConte Wealth Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth $10,162,000. Key Financial Inc purchased a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $405,000. Ameriprise Financial Inc. increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% during the first quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company's stock worth $54,541,000 after acquiring an additional 3,853 shares during the period. Finally, Cetera Investment Advisers raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% during the first quarter. Cetera Investment Advisers now owns 28,926 shares of the company's stock worth $2,522,000 after purchasing an additional 3,703 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.4%

Shares of NASDAQ:QQQE opened at $103.24 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $103.95. The company has a 50-day moving average price of $99.89 and a 200 day moving average price of $95.64. The company has a market cap of $1.31 billion, a P/E ratio of 27.96 and a beta of 1.05.

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.

Want to see what other hedge funds are holding QQQE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.