MRA Advisory Group Increases Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

MRA Advisory Group raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 68.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 105,619 shares of the company’s stock after acquiring an additional 43,058 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up about 5.4% of MRA Advisory Group’s portfolio, making the stock its 4th biggest position. MRA Advisory Group’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $9,373,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Montag A & Associates Inc. acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $26,000. TD Capital Management LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the fourth quarter worth $29,000. Banque Cantonale Vaudoise acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the first quarter worth $85,000. CWM LLC raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 11.1% in the second quarter. CWM LLC now owns 1,312 shares of the company’s stock valued at $116,000 after acquiring an additional 131 shares in the last quarter. Finally, National Bank of Canada FI acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at $129,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

NASDAQ:QQQE opened at $85.18 on Friday. The firm has a market capitalization of $1.32 billion, a PE ratio of 28.84 and a beta of 1.05. The business’s fifty day moving average price is $88.03 and its 200 day moving average price is $87.70. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $70.18 and a 12 month high of $92.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 2nd. Investors of record on Tuesday, June 25th were issued a $0.1796 dividend. This represents a $0.72 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Tuesday, June 25th.

Direxion NASDAQ-100 Equal Weighted Index Shares Company Profile

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.