Presidio Capital Management LLC Has $259,000 Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Presidio Capital Management LLC lowered its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 49.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,968 shares of the company's stock after selling 2,917 shares during the period. Presidio Capital Management LLC's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $259,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $305,000. PKO Investment Management Joint Stock Co acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $37,703,000. BridgePort Financial Solutions LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $207,000. LifeWealth Investments LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $739,000. Finally, Heck Capital Advisors LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $43,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock traded up $0.63 during trading hours on Monday, reaching $94.20. The stock had a trading volume of 84,795 shares, compared to its average volume of 275,051. The stock has a market capitalization of $1.30 billion, a PE ratio of 26.33 and a beta of 1.05. The stock has a 50-day simple moving average of $87.83 and a 200 day simple moving average of $91.01. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date was Tuesday, March 25th.

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.