Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Sold by CAP Partners LLC

Key Points

• CAP Partners LLC reduced its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 59.2%, selling 19,158 shares in the 2nd quarter.
• Several other hedge funds made significant changes to their positions in QQQE, including B&D White Capital acquiring shares worth $20.3 million and LPL Financial LLC increasing its position by 20.6%.
• As of the latest data, shares of QQQE are trading at $103.54, with a 1 year range of $75.07 to $104.00 and a market cap of $1.30 billion.

CAP Partners LLC cut its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 59.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 13,214 shares of the company's stock after selling 19,158 shares during the quarter. CAP Partners LLC owned 0.10% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,299,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of QQQE. B&D White Capital Company LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $20,307,000. LeConte Wealth Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $10,162,000. Frisch Financial Group Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 38.2% during the 1st quarter. Frisch Financial Group Inc. now owns 240,535 shares of the company's stock valued at $20,972,000 after purchasing an additional 66,538 shares during the period. LPL Financial LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% during the 1st quarter. LPL Financial LLC now owns 317,160 shares of the company's stock valued at $27,653,000 after purchasing an additional 54,238 shares during the period. Finally, Total Investment Management Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the 1st quarter. Total Investment Management Inc. now owns 718,322 shares of the company's stock valued at $62,630,000 after purchasing an additional 33,237 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock opened at $103.54 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $104.00. The stock has a market cap of $1.30 billion, a PE ratio of 27.96 and a beta of 1.05. The business's fifty day moving average is $100.17 and its 200-day moving average is $95.91.

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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