B&D White Capital Company LLC Takes $20.31 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• B&D White Capital Company LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE), purchasing 232,744 shares valued at approximately $20.3 million, making it the firm's 8th largest position.
• The stock recently declared an increased quarterly dividend, raising it from $0.06 to $0.1422 per share, with an annualized dividend yield of 0.6%.
• As of the latest trading, QQQE's market cap stands at $1.25 billion, with a recent price of $98.90 and a 52-week range between $75.07 and $100.94.

B&D White Capital Company LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 232,744 shares of the company's stock, valued at approximately $20,307,000. Direxion NASDAQ-100 Equal Weighted Index Shares makes up about 2.9% of B&D White Capital Company LLC's investment portfolio, making the stock its 8th biggest position. B&D White Capital Company LLC owned 1.89% of Direxion NASDAQ-100 Equal Weighted Index Shares at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock worth $27,000 after acquiring an additional 300 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $43,000. American Capital Advisory LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter valued at about $46,000. BridgePort Financial Solutions LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $207,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at about $212,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.4%

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded up $0.41 during midday trading on Thursday, hitting $98.83. The stock had a trading volume of 70,644 shares, compared to its average volume of 200,866. The stock has a market cap of $1.25 billion, a P/E ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $100.94. The business has a fifty day moving average price of $98.38 and a 200 day moving average price of $93.13.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.1422 per share. This represents a $0.57 annualized dividend and a dividend yield of 0.6%. This is a boost from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, June 24th.

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.