MRA Advisory Group Trims Equal-Weighted Nasdaq-100 Exposure

MRA Advisory Group has reduced its stake in the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), according to a recent SEC filing dated April 22, 2026. The firm offloaded 52,132 shares during the first quarter, a transaction with an estimated value of $5.35 million based on the quarter's average closing price. The reduction in position reflects a shift in the firm's portfolio hierarchy, moving QQQE from its fourth-largest holding down to its tenth. This suggests the move is likely a routine rebalancing effort rather than a bearish signal regarding the underlying assets of the Nasdaq-100. The total value of MRA's QQQE position decreased by $5.61 million by the end of the quarter, accounting for both the active sale of shares and general market price fluctuations. The QQQE ETF is designed to provide balanced exposure to the 100 largest non-financial companies on the Nasdaq by assigning equal weights to each constituent. This equal-weight strategy is intended to mitigate the risk associated with mega-cap dominance. However, in environments where a few massive technology firms drive the majority of index gains, equal-weighted funds may underperform compared to traditional market-cap-weighted ETFs. The rebalancing may indicate a tactical shift in response to the current market concentration in mega-cap technology stocks.