Sowell Financial Services LLC Buys New Shares in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Sowell Financial Services LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,353 shares of the company's stock, valued at approximately $728,000. Sowell Financial Services LLC owned approximately 0.06% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in QQQE. Bank of America Corp DE lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after buying an additional 357,895 shares during the last quarter. Royal Bank of Canada raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock valued at $37,873,000 after acquiring an additional 8,600 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $37,703,000. Waddell & Associates LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the fourth quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock worth $34,381,000 after purchasing an additional 8,548 shares during the period. Finally, LPL Financial LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.0% in the fourth quarter. LPL Financial LLC now owns 262,922 shares of the company's stock worth $23,603,000 after purchasing an additional 5,090 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.72 during trading hours on Monday, reaching $95.60. The company's stock had a trading volume of 370,326 shares, compared to its average volume of 270,380. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $97.98. The company's 50 day simple moving average is $91.28 and its 200 day simple moving average is $91.17. The stock has a market cap of $1.32 billion, a P/E ratio of 26.33 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.