What happened
According to a SEC filing dated April 22, 2026, MRA Advisory Group reduced its stake in Direxion Shares ETF Trust – Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE +1.06%) by 52,132 shares during the first quarter. The estimated transaction value was $5.35 million based on the average closing price for the quarter. The quarter-end value of the QQQE position decreased by $5.61 million, a figure that includes both trading activity and market price movement.
What else to know
- MRA Advisory Group sold QQQE shares; the position now represents 2.89% of its 13F AUM.
- Top holdings after the filing:
- NYSEMKT: VGK: $15.89 million (6.5% of AUM)
- NYSEMKT: DJD: $14.87 million (6.1% of AUM)
- NYSEMKT: JAAA: $12.21 million (5.0% of AUM)
- NYSEMKT: SRLN: $10.15 million (4.1% of AUM)
- As of April 21, 2026, shares were priced at $106.79, up 33.1% over the past year, underperforming the S&P 500 by 3.8 percentage points.
ETF overview
| Metric | Value |
|---|---|
| Price (as of market close 2026-04-21) | $106.79 |
| One-year price change | 33.12% |
| Dividend yield | 0.32% |
ETF snapshot
- Employs an equal-weighted investment strategy tracking the Nasdaq-100 Equal Weighted Index, aiming to provide diversified exposure to major non-financial companies listed on the Nasdaq.
- Structured as an exchange-traded fund.
- Targets institutional and retail investors seeking systematic large-cap growth exposure with disciplined risk management.
The Direxion NASDAQ-100 Equal Weighted Index ETF offers institutional investors balanced exposure to the Nasdaq-100 by assigning equal weights to each constituent, mitigating the impact of outsize positions in mega-cap stocks. The fund’s quarterly rebalancing process ensures ongoing diversification and reduces sector and single-stock risk relative to market-cap-weighted peers. Its strategy appeals to investors seeking a systematic approach to large-cap growth with disciplined risk management.
What this transaction means for investors
MRA Advisory Group, which serves clients in New Jersey and Florida, recently sold $5.35 million of QQQE shares. That isn’t likely a statement on the ETF’s value as an investment. The sale only reduced QQQE from MRA’s fourth-largest holding to No. 10, suggesting a routine portfolio rebalancing.
The Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is an equal-weighted version of the Nasdaq-100 index, which tracks 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It gives each stock roughly the same weight, rather than allowing mega-cap technology companies to dominate performance.
If market gains are concentrated in a few big tech stocks, QQQE’s performance can fall behind more traditional Nasdaq-100 ETFs. When the returns are more balanced within the index, it may work in investors’ favor.
However, the market has been dominated by those mega-cap tech stocks lately. That might be a reason for MRA’s rebalancing strategy. For the average investor, those who expect the largest tech companies to continue this pattern may prefer a traditional Nasdaq-100 fund. Investors who anticipate the rest of the index to catch up may find QQQE appealing.
Pamela Kock has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.