Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Purchased by Truist Financial Corp

Key Points

• Truist Financial Corp increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 16.8%, owning 47,021 shares valued at approximately $4.6 million by the end of the second quarter.
• Other institutional investors have made significant moves as well, with Harel Insurance Investments boosting its holdings by 6,000% in the first quarter.
• The stock's current price is $102.42 with a market capitalization of $1.25 billion, reflecting its volatility within a range of a 1-year low of $75.07 and a 1-year high of $103.95.

Truist Financial Corp increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 16.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,021 shares of the company's stock after purchasing an additional 6,769 shares during the period. Truist Financial Corp owned 0.37% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,623,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock worth $27,000 after buying an additional 300 shares during the last quarter. Ancora Advisors LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the 1st quarter. Ancora Advisors LLC now owns 469 shares of the company's stock valued at $41,000 after acquiring an additional 115 shares in the last quarter. American Capital Advisory LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $46,000. Janney Montgomery Scott LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter worth $206,000. Finally, Purus Wealth Management LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.4% in the first quarter. Purus Wealth Management LLC now owns 3,340 shares of the company's stock worth $291,000 after purchasing an additional 200 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ:QQQE opened at $102.42 on Wednesday. The company's fifty day moving average is $99.18 and its two-hundred day moving average is $94.67. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $75.07 and a 1-year high of $103.95. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05.

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.

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