Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) Shares Sold by Oxinas Partners Wealth Management LLC

Posted by Jeff Wilder on Sep 3rd, 2024

Oxinas Partners Wealth Management LLC cut its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE – Free Report) by 30.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,559 shares of the company’s stock after selling 16,306 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares comprises approximately 2.2% of Oxinas Partners Wealth Management LLC’s holdings, making the stock its 10th largest holding. Oxinas Partners Wealth Management LLC owned approximately 0.24% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,333,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Montag A & Associates Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth about $26,000. TD Capital Management LLC bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at $29,000. Banque Cantonale Vaudoise acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $85,000. CWM LLC increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% in the fourth quarter. CWM LLC now owns 1,125 shares of the company’s stock worth $95,000 after acquiring an additional 360 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $129,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE stock traded down $1.51 during mid-day trading on Tuesday, hitting $88.08. 272,422 shares of the company were exchanged, compared to its average volume of 242,256. The firm’s 50 day simple moving average is $88.20 and its 200 day simple moving average is $87.70. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.06. The firm has a market cap of $1.37 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 2nd. Shareholders of record on Tuesday, June 25th were paid a $0.1796 dividend. The ex-dividend date was Tuesday, June 25th. This represents a $0.72 annualized dividend and a yield of 0.82%.

Direxion NASDAQ-100 Equal Weighted Index Shares Profile

(Free Report)

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.