Orion Portfolio Solutions LLC Has $319,000 Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Orion Portfolio Solutions LLC decreased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 74.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. National Bank of Canada FI lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 22.8% during the 3rd quarter. National Bank of Canada FI now owns 2,017 shares of the company’s stock worth $182,000 after buying an additional 374 shares in the last quarter. Wolverine Trading LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $213,000. Stifel Financial Corp lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 21.9% during the 3rd quarter. Stifel Financial Corp now owns 2,835 shares of the company’s stock valued at $256,000 after purchasing an additional 509 shares during the period. Hilltop Holdings Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 3rd quarter valued at about $268,000. Finally, Beck Capital Management LLC lifted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.7% during the 3rd quarter. Beck Capital Management LLC now owns 21,772 shares of the company’s stock valued at $1,964,000 after purchasing an additional 158 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Down 3.6 %

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $90.96 on Thursday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $81.45 and a 1 year high of $96.39. The company has a market cap of $1.30 billion, a PE ratio of 28.84 and a beta of 1.05. The company’s 50-day moving average is $92.79 and its two-hundred day moving average is $89.93.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 24th were given a dividend of $0.1602 per share. The ex-dividend date was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a yield of 0.70%.

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.