Total Investment Management Inc. Decreases Stake in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Total Investment Management Inc. cut its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 99.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 4,995 shares of the company’s stock after selling 713,327 shares during the period. Total Investment Management Inc.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $491,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 26.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 41,663 shares of the company’s stock valued at $3,633,000 after acquiring an additional 8,787 shares during the last quarter. LeConte Wealth Management LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at approximately $10,162,000. Ameriprise Financial Inc. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% in the first quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company’s stock valued at $54,541,000 after purchasing an additional 3,853 shares in the last quarter. CWM LLC increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 138.5% in the second quarter. CWM LLC now owns 13,349 shares of the company’s stock valued at $1,312,000 after purchasing an additional 7,753 shares during the last quarter. Finally, B&D White Capital Company LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth approximately $20,307,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 1.1%

Shares of NASDAQ:QQQE opened at $103.24 on Friday. The firm has a 50 day simple moving average of $102.20 and a 200-day simple moving average of $99.61. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $105.37. The company has a market capitalization of $1.23 billion, a PE ratio of 27.96 and a beta of 1.08.

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.