Orion Portfolio Solutions LLC Sells 10,135 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Orion Portfolio Solutions LLC trimmed its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 74.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 3,536 shares of the company's stock after selling 10,135 shares during the period. Orion Portfolio Solutions LLC's holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $319,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in QQQE. Envestnet Portfolio Solutions Inc. grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 3,818 shares of the company's stock worth $339,000 after buying an additional 129 shares during the period. Raymond James & Associates raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% during the 2nd quarter. Raymond James & Associates now owns 72,401 shares of the company's stock valued at $6,425,000 after acquiring an additional 888 shares during the last quarter. White Pine Investment CO lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.8% in the 2nd quarter. White Pine Investment CO now owns 16,310 shares of the company's stock valued at $1,447,000 after purchasing an additional 124 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 2nd quarter valued at $206,000. Finally, HB Wealth Management LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.0% in the 2nd quarter. HB Wealth Management LLC now owns 18,028 shares of the company's stock worth $1,600,000 after purchasing an additional 518 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.8 %

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.74 during trading on Thursday, reaching $90.22. 630,479 shares of the company were exchanged, compared to its average volume of 250,092. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $81.45 and a twelve month high of $96.39. The business has a 50-day moving average price of $92.78 and a 200-day moving average price of $89.93. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 annualized dividend and a dividend yield of 0.71%.

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.