MRA Advisory Group Boosts Stock Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

MRA Advisory Group increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 7.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,327 shares of the company's stock after acquiring an additional 6,952 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 4.6% of MRA Advisory Group's investment portfolio, making the stock its 7th largest holding. MRA Advisory Group owned about 0.69% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $8,660,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. PKO Investment Management Joint Stock Co purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $37,703,000. Bank of America Corp DE raised its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% in the fourth 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. Polar Asset Management Partners Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $14,938,000. Raymond James Financial Inc. purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth about $9,261,000. Finally, BNP Paribas Financial Markets raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% during the fourth quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock valued at $17,954,000 after purchasing an additional 50,000 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.6%

QQQE opened at $94.85 on Friday. The firm has a 50 day moving average price of $88.35 and a 200-day moving average price of $91.11. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $97.98. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 26.33 and a beta of 1.06.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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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