Catalyst Investment Management LLC purchased a new position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE – Free Report) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 9,629 shares of the company’s stock, valued at approximately $1,157,000. Direxion NASDAQ-100 Equal Weighted Index ETF makes up 1.0% of Catalyst Investment Management LLC’s investment portfolio, making the stock its 26th largest position.
Several other institutional investors have also made changes to their positions in QQQE. Eastern Bank acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index ETF during the 3rd quarter valued at about $30,000. PNC Financial Services Group Inc. bought a new position in Direxion NASDAQ-100 Equal Weighted Index ETF during the first quarter valued at approximately $89,000. Hollencrest Capital Management raised its position in Direxion NASDAQ-100 Equal Weighted Index ETF by 39.3% during the first quarter. Hollencrest Capital Management now owns 1,375 shares of the company’s stock valued at $135,000 after acquiring an additional 388 shares in the last quarter. Aspire Capital Advisors LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index ETF during the second quarter valued at approximately $203,000. Finally, Range Advisory LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index ETF in the second quarter valued at approximately $209,000.
Direxion NASDAQ-100 Equal Weighted Index ETF Stock Up 0.7%
QQQE stock opened at $119.37 on Thursday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 27.96 and a beta of 1.09. Direxion NASDAQ-100 Equal Weighted Index ETF has a 12 month low of $95.64 and a 12 month high of $125.00. The firm has a 50 day moving average of $120.62 and a two-hundred day moving average of $117.14.
About Direxion NASDAQ-100 Equal Weighted Index ETF
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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