Cannon Advisors Inc. Buys 1,812 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Cannon Advisors Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 7.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,487 shares of the company’s stock after purchasing an additional 1,812 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 2.0% of Cannon Advisors Inc.’s holdings, making the stock its 19th largest position. Cannon Advisors Inc. owned approximately 0.20% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the second quarter valued at about $25,000. Ancora Advisors LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the first quarter. Ancora Advisors LLC now owns 469 shares of the company’s stock worth $41,000 after buying an additional 115 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at approximately $43,000. Harbor Asset Planning Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at approximately $62,000. Finally, American Capital Advisory LLC lifted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 49.2% in the 2nd quarter. American Capital Advisory LLC now owns 792 shares of the company’s stock valued at $78,000 after acquiring an additional 261 shares in the last quarter.

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

NASDAQ:QQQE opened at $100.63 on Friday. The company has a market cap of $1.20 billion, a P/E ratio of 27.96 and a beta of 1.08. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $105.37. The business has a 50 day moving average price of $101.69 and a two-hundred day moving average price of $98.27.

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.