Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Stock Holdings Lessened by LeConte Wealth Management LLC

Key Points

• LeConte Wealth Management LLC reduced its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 17.8%, now owning 95,828 shares after selling 20,726 shares in the second quarter.
• Other hedge funds, such as Northwestern Mutual Wealth Management Co., have increased their positions, with Northwestern boosting its holdings by 26.7% in the first quarter.
• The Direxion NASDAQ-100 Equal Weighted Index Shares has a market cap of $1.27 billion and is currently trading around $100.69, experiencing a 0.2% decrease in shares.

LeConte Wealth Management LLC lowered its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 17.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,828 shares of the company's stock after selling 20,726 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 6.4% of LeConte Wealth Management LLC's portfolio, making the stock its 3rd largest position. LeConte Wealth Management LLC owned about 0.77% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $9,421,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company's stock worth $3,633,000 after acquiring an additional 8,787 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth approximately $305,000. LifeWealth Investments LLC boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 57.4% in the 1st quarter. LifeWealth Investments LLC now owns 12,962 shares of the company's stock worth $1,130,000 after purchasing an additional 4,729 shares during the period. Key Financial Inc bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at approximately $405,000. Finally, Ameriprise Financial Inc. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company's stock valued at $54,541,000 after buying an additional 3,853 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.2%

Shares of QQQE opened at $100.69 on Thursday. The business has a fifty day moving average of $98.81 and a 200 day moving average of $93.77. The company has a market cap of $1.27 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $101.45.

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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