Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) is MRA Advisory Group's 7th Largest Position

MRA Advisory Group increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 7.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,327 shares of the company's stock after buying an additional 6,952 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for approximately 4.6% of MRA Advisory Group's investment portfolio, making the stock its 7th biggest position. MRA Advisory Group owned approximately 0.69% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $8,660,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Total Investment Management Inc. boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.6% in the fourth quarter. Total Investment Management Inc. now owns 685,085 shares of the company's stock valued at $61,500,000 after acquiring an additional 24,002 shares during the period. Weil Company Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $375,000. Hickory Asset Management Inc. bought a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter valued at approximately $290,000. Strategic Financial Concepts LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth approximately $1,636,000. Finally, Royal Bank of Canada boosted its holdings 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 buying an additional 8,600 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Trading Up 0.0%

Shares of QQQE traded up $0.01 during trading hours on Monday, reaching $95.81. The stock had a trading volume of 72,137 shares, compared to its average volume of 271,976. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12 month low of $75.07 and a 12 month high of $97.98. The firm has a 50-day simple moving average of $88.52 and a 200 day simple moving average of $91.12. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 26.33 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were issued a $0.0614 dividend. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Tuesday, March 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.