MRA Advisory Group Sells 6,118 Shares of Direxion NASDAQ-100 Equal Weighted Index ETF $QQQE

MRA Advisory Group trimmed its holdings in Direxion NASDAQ-100 Equal Weighted Index ETF (NASDAQ:QQQE) by 8.4% in the third quarter, Holdings Channel.com reports. The fund owned 66,597 shares of the company’s stock after selling 6,118 shares during the period. Direxion NASDAQ-100 Equal Weighted Index ETF comprises 2.9% of MRA Advisory Group’s portfolio, making the stock its 8th biggest holding. MRA Advisory Group’s holdings in Direxion NASDAQ-100 Equal Weighted Index ETF were worth $7,999,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Direxion NASDAQ-100 Equal Weighted Index ETF by 13.6% during the first quarter. Bank of America Corp DE now owns 724,041 shares of the company’s stock valued at $71,340,000 after purchasing an additional 86,683 shares during the last quarter. Waddell & Associates LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF by 1.1% during the fourth quarter. Waddell & Associates LLC now owns 412,249 shares of the company’s stock worth $42,177,000 after purchasing an additional 4,347 shares during the period. Royal Bank of Canada lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index ETF by 37.6% during the first quarter. Royal Bank of Canada now owns 127,223 shares of the company’s stock valued at $12,536,000 after purchasing an additional 34,755 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index ETF in the 1st quarter valued at $11,817,000. Finally, Ramiah Investment Group purchased a new position in Direxion NASDAQ-100 Equal Weighted Index ETF in the 1st quarter worth about $6,412,000.

Direxion NASDAQ-100 Equal Weighted Index ETF Trading Down 0.8%

QQQE stock traded down $1.04 during mid-day trading on Wednesday, reaching $121.95. 57,038 shares of the stock traded hands, compared to its average volume of 219,238. Direxion NASDAQ-100 Equal Weighted Index ETF has a 52-week low of $95.64 and a 52-week high of $125.00. The stock’s fifty day moving average is $120.69 and its 200-day moving average is $115.51. The company has a market cap of $1.48 billion, a P/E ratio of 27.96 and a beta of 1.09.

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.