Frisch Financial Group Inc. Lowers Stake in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Frisch Financial Group Inc. trimmed its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 6.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 225,817 shares of the company’s stock after selling 14,718 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 5.4% of Frisch Financial Group Inc.’s portfolio, making the stock its 4th biggest holding. Frisch Financial Group Inc. owned approximately 1.79% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $22,232,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Victory Financial Group LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.6% in the second quarter. Victory Financial Group LLC now owns 2,609 shares of the company’s stock valued at $256,000 after purchasing an additional 114 shares in the last quarter. Ancora Advisors LLC increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% in the 1st quarter. Ancora Advisors LLC now owns 469 shares of the company’s stock valued at $41,000 after buying an additional 115 shares during the period. Traphagen Investment Advisors LLC raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.8% in the 2nd quarter. Traphagen Investment Advisors LLC now owns 4,515 shares of the company’s stock valued at $444,000 after buying an additional 123 shares in the last quarter. CreativeOne Wealth LLC lifted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the 1st quarter. CreativeOne Wealth LLC now owns 4,861 shares of the company’s stock worth $424,000 after acquiring an additional 126 shares during the period. Finally, Flagstar Advisors Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% during the 2nd quarter. Flagstar Advisors Inc. now owns 13,082 shares of the company’s stock worth $1,288,000 after acquiring an additional 190 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Shares of NASDAQ:QQQE opened at $104.44 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $105.37. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08. The company’s 50 day simple moving average is $102.15 and its 200 day simple moving average is $99.47.

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.