CAP Partners LLC Trims Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Key Points

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CAP Partners LLC decreased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 41.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,372 shares of the company's stock after selling 22,951 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 2.0% of CAP Partners LLC's holdings, making the stock its 15th largest holding. CAP Partners LLC owned about 0.23% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $2,822,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after purchasing an additional 300 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $43,000. American Capital Advisory LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $46,000. BridgePort Financial Solutions LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $207,000. Finally, KCM Investment Advisors LLC purchased a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $205,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $1.56 during midday trading on Monday, reaching $98.39. The company's stock had a trading volume of 191,231 shares, compared to its average volume of 208,016. The stock's 50-day simple moving average is $97.26 and its 200-day simple moving average is $92.60. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $75.07 and a 52-week high of $100.94. The stock has a market capitalization of $1.24 billion, a P/E ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a $0.1422 dividend. The ex-dividend date was Tuesday, June 24th. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. This represents a $0.57 annualized dividend and a dividend yield of 0.6%.

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.