Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Stock Position Decreased by KMG Fiduciary Partners LLC

Key Points

• KMG Fiduciary Partners LLC reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 72.3%, owning 6,205 shares after selling 16,168 in Q2, with holdings valued at $610,000.
• The fund declared a quarterly dividend of $0.1422 per share, marking an increase from its previous dividend of $0.06, with an annualized yield of 0.6%.
• QQQE's trading showed an increase of 1.1%, with shares currently opening at $100.88, and the fund has a market capitalization of $1.27 billion.

KMG Fiduciary Partners LLC lowered its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 72.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,205 shares of the company's stock after selling 16,168 shares during the period. KMG Fiduciary Partners LLC's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $610,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. Ancora Advisors LLC raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the first quarter. Ancora Advisors LLC now owns 469 shares of the company's stock worth $41,000 after purchasing an additional 115 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $43,000. American Capital Advisory LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth about $46,000. Finally, BridgePort Financial Solutions LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth about $207,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.04 during mid-day trading on Friday, reaching $100.84. The company had a trading volume of 59,712 shares, compared to its average volume of 196,161. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $75.07 and a 1 year high of $101.28. The company has a market capitalization of $1.27 billion, a P/E ratio of 27.96 and a beta of 1.05. The stock's 50-day simple moving average is $98.66 and its 200-day simple moving average is $93.56.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a $0.1422 dividend. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, June 24th. This represents a $0.57 dividend on an annualized basis 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.