Traphagen Investment Advisors LLC Has $383,000 Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Traphagen Investment Advisors LLC trimmed its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 43.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. PKO Investment Management Joint Stock Co bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $37,703,000. Bank of America Corp DE increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after purchasing an additional 357,895 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $14,938,000. Raymond James Financial Inc. acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth approximately $9,261,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% in the 4th quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock worth $17,954,000 after acquiring an additional 50,000 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.1%

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.05 during trading on Thursday, reaching $95.14. The company's stock had a trading volume of 89,749 shares, compared to its average volume of 269,586. The stock has a 50-day moving average price of $90.77 and a two-hundred day moving average price of $91.24. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $97.98. The stock has a market capitalization of $1.31 billion, a P/E ratio of 26.33 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.