Berkshire Money Management Inc. Has $6.84 Million Stake in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Berkshire Money Management Inc. trimmed its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 22.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,447 shares of the company's stock after selling 22,575 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 0.8% of Berkshire Money Management Inc.'s holdings, making the stock its 19th biggest holding. Berkshire Money Management Inc. owned approximately 0.56% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $6,840,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Weil Company Inc. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $375,000. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $305,000. Royal Bank of Canada lifted its holdings in 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 buying an additional 8,600 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter valued at about $34,000. Finally, Waddell & Associates LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.3% in the 4th quarter. Waddell & Associates LLC now owns 382,993 shares of the company's stock valued at $34,381,000 after buying an additional 8,548 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE traded up $0.69 during mid-day trading on Thursday, reaching $97.32. 40,268 shares of the company were exchanged, compared to its average volume of 270,313. The business has a 50 day simple moving average of $92.08 and a two-hundred day simple moving average of $91.25. The stock has a market capitalization of $1.34 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52 week low of $75.07 and a 52 week high of $97.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th will be issued a dividend of $0.1422 per share. This is a positive change from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 24th. This represents a $0.57 annualized dividend and a yield of 0.58%.

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.