Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Acquired by Ameritas Advisory Services LLC

Key Points

• Ameritas Advisory Services increased its QQQE stake by 591.7% in the second quarter, acquiring 43,833 additional shares and bringing its total holdings to 51,241 shares valued at approximately $6.25 million.
• Other institutional investors also expanded their positions, including Northwestern Mutual Wealth Management, Morgan Stanley, and BNP Paribas Financial Markets; Independent Financial Group and Watershed Asset Management initiated new stakes.
• QQQE opened at $120.75, near its 52-week high of $125.00, with a $1.37 billion market capitalization and a 27.96 price-to-earnings ratio. The ETF tracks an equal-weighted version of the Nasdaq-100 Index.

Ameritas Advisory Services LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 591.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,241 shares of the company's stock after acquiring an additional 43,833 shares during the quarter. Ameritas Advisory Services LLC owned approximately 0.45% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $6,252,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of QQQE. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company's stock valued at $53,741,000 after purchasing an additional 470,880 shares during the period. Morgan Stanley grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% during the fourth quarter. Morgan Stanley now owns 695,869 shares of the company's stock valued at $71,195,000 after buying an additional 200,167 shares during the period. Independent Financial Group LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter valued at $11,817,000. Watershed Asset Management L.L.C. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $11,940,000. Finally, BNP Paribas Financial Markets increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 98.6% in the second quarter. BNP Paribas Financial Markets now owns 201,400 shares of the company's stock valued at $19,800,000 after buying an additional 100,000 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE opened at $120.75 on Tuesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $95.64 and a 52 week high of $125.00. The stock has a market capitalization of $1.37 billion, a PE ratio of 27.96 and a beta of 1.09. The stock's 50-day moving average price is $120.27 and its 200-day moving average price is $112.96.

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.

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