--- title: "MRA Advisory Group Cuts $5.35 Million in Shares of This Nasdaq-100 ETF: What Investors Should Know" type: "News" locale: "en" url: "https://longbridge.com/en/news/283749758.md" description: "MRA Advisory Group sold 52,132 shares of the Direxion NASDAQ-100 Equal Weighted Index ETF (QQQE) for an estimated $5.35 million, reducing its position to 2.89% of its assets under management (AUM). The quarter-end value of the QQQE position decreased by $5.61 million due to trading and price changes. This sale reflects a routine portfolio rebalancing rather than a negative outlook on the ETF. QQQE's performance may lag behind traditional Nasdaq-100 ETFs if gains are concentrated in large tech stocks, which has been the recent market trend." datetime: "2026-04-23T02:00:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283749758.md) - [en](https://longbridge.com/en/news/283749758.md) - [zh-HK](https://longbridge.com/zh-HK/news/283749758.md) --- # MRA Advisory Group Cuts $5.35 Million in Shares of This Nasdaq-100 ETF: What Investors Should Know ## Key Points - Sold 52,132 QQQE shares; estimated transaction value of $5.35 million based on quarterly average price. - Quarter-end position value declined by $5.61 million, reflecting both trading and price changes. - Trade represented 2.18% of 13F reportable AUM. - Post-sale, fund held 71,972 shares valued at $7.09 million. - QQQE now accounts for 2.89% of fund AUM, which places it outside the fund's top five holdings. - 10 stocks we like better than Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares › ## 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** (NASDAQ:QQQE) 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. ## Should you buy stock in Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares right now? Before you buy stock in Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares, consider this: The _Motley Fool Stock Advisor_ analyst team just identified what they believe are the **10 best stocks** for investors to buy now… and Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when **Netflix** made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, **you’d have $499,277**!\* Or when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $1,225,371**!\* Now, it’s worth noting _Stock Advisor’s_ total average return is 972% — a market-crushing outperformance compared to 198% for the S&P 500. **Don't miss the latest top 10 list, available with _Stock Advisor_, and join an investing community built by individual investors for individual investors.** See the 10 stocks » _\*Stock Advisor returns as of April 22, 2026._ _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._ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. ### Related Stocks - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) ## Related News & Research - [$100 Invested In Fidelity Nasdaq Composite Index ETF 20 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286592696.md) - [SCHD ETF Stock C&H Pattern Points To A Rebound As Inflows Hit $8.2B](https://longbridge.com/en/news/286653475.md) - [$100 Invested In iShares S&P 500 Growth ETF 20 Years Ago Would Be Worth This Much Today](https://longbridge.com/en/news/286800978.md) - [If You Invested $100 In Vanguard Information Tech ETF Stock 20 Years Ago, You Would Have This Much Today](https://longbridge.com/en/news/286791089.md) - [Sanchez Wealth Management Group Trims Stake in Invesco QQQ $QQQ](https://longbridge.com/en/news/285924327.md)