MRA Advisory Group Has $9.37 Million Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

MRA Advisory Group raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 68.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,619 shares of the company’s stock after purchasing an additional 43,058 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for 5.4% of MRA Advisory Group’s investment portfolio, making the stock its 4th largest position. MRA Advisory Group owned approximately 0.68% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $9,373,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Berkshire Money Management Inc. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the 2nd quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after acquiring an additional 19,819 shares during the last quarter. Waddell & Associates LLC raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1,734.4% during the fourth quarter. Waddell & Associates LLC now owns 354,873 shares of the company’s stock valued at $30,037,000 after buying an additional 335,528 shares during the last quarter. UBS Group AG raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.6% during the fourth quarter. UBS Group AG now owns 180,408 shares of the company’s stock valued at $15,270,000 after buying an additional 22,917 shares during the last quarter. Carr Financial Group Corp raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.4% during the first quarter. Carr Financial Group Corp now owns 142,795 shares of the company’s stock valued at $12,737,000 after buying an additional 639 shares during the last quarter. Finally, Ratio Wealth Group raised its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 13.6% during the fourth quarter. Ratio Wealth Group now owns 130,191 shares of the company’s stock valued at $11,019,000 after buying an additional 15,633 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock opened at $85.18 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1-year low of $70.18 and a 1-year high of $92.06. The business has a fifty day moving average price of $88.03 and a 200-day moving average price of $87.70. The stock has a market capitalization of $1.32 billion, a P/E ratio of 28.84 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

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

About Direxion NASDAQ-100 Equal Weighted Index Shares

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.