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<h2>Key Points</h2><ul><li><p>Sold 52,132 QQQE shares; estimated transaction value of $5.35 million based on quarterly average price.</p></li><li><p>Quarter-end position value declined by $5.61 million, reflecting both trading and price changes.</p></li><li><p>Trade represented 2.18% of 13F reportable AUM.</p></li><li><p>Post-sale, fund held 71,972 shares valued at $7.09 million.</p></li><li><p>QQQE now accounts for 2.89% of fund AUM, which places it outside the fund's top five holdings.</p></li><li>10 stocks we like better than Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares ›</li></ul><p></p><h2 id="what-happened">What happened</h2><p>According to a SEC filing dated April 22, 2026, MRA Advisory Group reduced its stake in <strong>Direxion Shares ETF Trust - Direxion NASDAQ-100 Equal Weighted Index Shares</strong> <span class="ticker">(NASDAQ:QQQE)</span> 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.</p><h2 id="what-else-to-know">What else to know</h2><ul><li>MRA Advisory Group sold QQQE shares; the position now represents 2.89% of its 13F AUM.</li><li>Top holdings after the filing:<ul><li>NYSEMKT: VGK: $15.89 million (6.5% of AUM)</li><li>NYSEMKT: DJD: $14.87 million (6.1% of AUM)</li><li>NYSEMKT: JAAA: $12.21 million (5.0% of AUM)</li><li>NYSEMKT: SRLN: $10.15 million (4.1% of AUM)</li></ul></li><li>As of April 21, 2026, shares were priced at $106.79, up 33.1% over the past year, underperforming the S&amp;P 500 by 3.8 percentage points.</li></ul><h2 id="etf-overview">ETF overview</h2><section><table><tbody><tr><th>Metric</th><th>Value</th></tr><tr><td>Price (as of market close 2026-04-21)</td><td>$106.79</td></tr><tr><td>One-year price change</td><td>33.12%</td></tr><tr><td>Dividend yield</td><td>0.32%</td></tr></tbody></table></section><h2 id="etf-snapshot">ETF snapshot</h2><ul><li>Employs an equal-weighted investment strategy tracking the <strong>Nasdaq-100 Equal Weighted</strong> Index, aiming to provide diversified exposure to major non-financial companies listed on the Nasdaq.</li><li>Structured as an exchange-traded fund.</li><li>Targets institutional and retail investors seeking systematic large-cap growth exposure with disciplined risk management.</li></ul><p>The Direxion NASDAQ-100 Equal Weighted Index ETF offers institutional investors balanced exposure to the <strong>Nasdaq-100</strong> 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.</p><h2 id="what-this-transaction-means-for-investors">What this transaction means for investors</h2><p>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.</p><p>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.</p><p>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.</p><p>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.</p><h2>Should you buy stock in Direxion Shares ETF Trust - Direxion Nasdaq-100 Equal Weighted Index Shares right now?</h2>
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<p style="color: #767676; text-align: left"><em>*Stock Advisor returns as of April 22, 2026. </em></p><p><em>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.</em></p>
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<p>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.</p>

- MRA Advisory Group sold 52,132 shares of Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), valued at approximately $5.35 million, leading to a decrease in the position's value by $5.61 million.  
- The sale reduced QQQE's representation in MRA's AUM from 2.18% to 2.89%, indicating a portfolio rebalancing rather than a direct critique of the ETF's investment value.  
- As of April 21, 2026, QQQE had experienced a price increase of 33.1% over the past year but underperformed the S&P 500 by 3.8 percentage points.

nasdaq

NASDAQ-100

First Trust NASDAQ-100 Equal Weighted

Fidelity Nasdaq Composite Index ETF

Proshares UltraPro QQQ

Invesco QQQ Trust

Invesco Nasdaq 100 ETF

Direxion Nasdaq 100 Equal Weight Index shares

MRA Advisory Group Cuts $5.35 Million in Shares of This Nasdaq-100 ETF: What Investors Should Know