KMG Fiduciary Partners LLC Sells 781 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

KMG Fiduciary Partners LLC trimmed its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,373 shares of the company’s stock after selling 781 shares during the quarter. KMG Fiduciary Partners LLC’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,951,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $26,000. Stonebridge Financial Group LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $31,000. Kestra Investment Management LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $31,000. SBI Securities Co. Ltd. bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $34,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $43,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.0%

Shares of NASDAQ QQQE opened at $95.80 on Monday. The company’s fifty day moving average is $88.52 and its 200-day moving average is $91.12. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month 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. Stockholders of record on Tuesday, March 25th were given 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%.

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.