RBC Boosts Stake in QQQE by 37.6%
Royal Bank of Canada (RBC) has increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 37.6% during the first quarter, according to a recent filing with the Securities and Exchange Commission (SEC).
The fund owned 127,223 shares of QQQE's stock after purchasing an additional 34,755 shares during the period. RBC's stake in QQQE is now worth approximately $12.5 million.
This move by RBC is part of a larger trend where institutional investors and hedge funds are increasing their exposure to QQQE. Other notable investors who have recently made changes to their positions in QQQE include Quantinno Capital Management LP, Gateway Wealth Partners LLC, Waverly Advisors LLC, PNC Financial Services Group Inc., and Hollencrest Capital Management.