Traphagen Investment Advisors LLC Reduces Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Traphagen Investment Advisors LLC lowered its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 97.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,320 shares of the company’s stock after selling 298,506 shares during the quarter. Traphagen Investment Advisors LLC owned about 0.07% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of QQQE. Berkshire Money Management Inc. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the 2nd quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock valued at $71,052,000 after purchasing an additional 19,819 shares in the last quarter. Fiduciary Alliance LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth $1,515,000. Ameritas Advisory Services LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 15.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 35,580 shares of the company’s stock worth $3,157,000 after acquiring an additional 4,813 shares during the period. MRA Advisory Group lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock worth $9,373,000 after acquiring an additional 43,058 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 11,209 shares of the company’s stock valued at $1,000,000 after purchasing an additional 146 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 0.3 %

Shares of QQQE stock traded down $0.29 during mid-day trading on Tuesday, reaching $90.79. The stock had a trading volume of 18,424 shares, compared to its average volume of 241,078. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.68. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The business’s fifty day moving average is $89.14 and its 200-day moving average is $88.00.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a yield of 0.71%.

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.