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

Traphagen Investment Advisors LLC lowered its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 43.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,392 shares of the company's stock after selling 3,350 shares during the period. Traphagen Investment Advisors LLC's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.5% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,394 shares of the company's stock valued at $664,000 after purchasing an additional 112 shares during the last quarter. Flagstar Advisors Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the first quarter. Flagstar Advisors Inc. now owns 12,892 shares of the company's stock valued at $1,125,000 after purchasing an additional 137 shares during the last quarter. First Heartland Consultants Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.3% in the fourth quarter. First Heartland Consultants Inc. now owns 3,414 shares of the company's stock valued at $306,000 after purchasing an additional 202 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock valued at $1,586,000 after purchasing an additional 205 shares during the last quarter. Finally, Private Capital Management LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 6.5% in the third quarter. Private Capital Management LLC now owns 3,897 shares of the company's stock valued at $352,000 after purchasing an additional 239 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE stock opened at $94.84 on Monday. 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. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05. The stock's 50-day simple moving average is $89.99 and its 200-day simple moving average is $91.18.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

Direxion NASDAQ-100 Equal Weighted Index Shares Company 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.

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