B&D White Capital Company LLC Makes New Investment 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) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 232,744 shares of the company's stock, valued at approximately $20,307,000. Direxion NASDAQ-100 Equal Weighted Index Shares comprises about 2.9% of B&D White Capital Company LLC's holdings, making the stock its 8th biggest position. B&D White Capital Company LLC owned 1.89% of Direxion NASDAQ-100 Equal Weighted Index Shares as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Bank of America Corp DE raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after buying an additional 357,895 shares during the last quarter. Total Investment Management Inc. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the 1st quarter. Total Investment Management Inc. now owns 718,322 shares of the company's stock worth $62,630,000 after buying an additional 33,237 shares during the last quarter. Ameriprise Financial Inc. raised its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 0.6% during the 1st quarter. Ameriprise Financial Inc. now owns 625,583 shares of the company's stock worth $54,541,000 after buying an additional 3,853 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.1% during the 4th quarter. Royal Bank of Canada now owns 421,882 shares of the company's stock worth $37,873,000 after purchasing an additional 8,600 shares during the period. Finally, PKO Investment Management Joint Stock Co acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $37,703,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Up 1.7%

NASDAQ:QQQE opened at $98.90 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $100.94. The stock has a market cap of $1.25 billion, a PE ratio of 27.96 and a beta of 1.05. The firm's fifty day simple moving average is $98.22 and its 200-day simple moving average is $93.07.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were paid a dividend of $0.1422 per share. 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. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.6%.

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.

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