Oxinas Partners Wealth Management LLC Has $4.81 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Oxinas Partners Wealth Management LLC reduced its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 4.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 53,865 shares of the company’s stock after selling 2,473 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 3.1% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Oxinas Partners Wealth Management LLC owned approximately 0.38% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,805,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Private Capital Management LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 8.5% in the fourth quarter. Private Capital Management LLC now owns 3,561 shares of the company’s stock valued at $301,000 after purchasing an additional 280 shares in the last quarter. FNY Investment Advisers LLC boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 450.0% during the fourth quarter. FNY Investment Advisers LLC now owns 385 shares of the company’s stock valued at $32,000 after purchasing an additional 315 shares during the period. TD Capital Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth approximately $29,000. CWM LLC increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 47.1% in the fourth quarter. CWM LLC now owns 1,125 shares of the company’s stock worth $95,000 after buying an additional 360 shares during the period. Finally, DHJJ Financial Advisors Ltd. raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 17.4% during the 1st quarter. DHJJ Financial Advisors Ltd. now owns 2,751 shares of the company’s stock valued at $245,000 after buying an additional 408 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE traded up $0.84 during trading on Tuesday, hitting $89.31. 273,416 shares of the stock traded hands, compared to its average volume of 195,902. The firm has a market capitalization of $1.25 billion, a P/E ratio of 28.84 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $70.18 and a 12-month high of $89.86. The firm has a 50-day moving average of $87.56 and a 200 day moving average of $86.76.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th will be issued a dividend of $0.1796 per share. The ex-dividend date of this dividend is Tuesday, June 25th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.80%.

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.