MRA Advisory Group Buys 21,091 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• MRA Advisory Group increased its stake in the Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 21.2% in the second quarter, holding a total of 120,418 shares worth approximately $11.8 million.
• The stock's price has fluctuated between a fifty-two week low of $75.07 and a high of $100.94, with the current price opening at $98.98.
• Direxion recently raised its quarterly dividend from $0.06 to $0.1422 per share, reflecting a positive change for investors, representing an annualized yield of 0.6%.

MRA Advisory Group boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 21.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 120,418 shares of the company's stock after buying an additional 21,091 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares accounts for about 5.5% of MRA Advisory Group's investment portfolio, making the stock its 3rd largest position. MRA Advisory Group owned approximately 0.97% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $11,838,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of QQQE. Howard Financial Services LTD. lifted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 18.2% in the 2nd quarter. Howard Financial Services LTD. now owns 3,553 shares of the company's stock valued at $349,000 after purchasing an additional 548 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 32.5% during the 1st quarter. Ancora Advisors LLC now owns 469 shares of the company's stock valued at $41,000 after acquiring an additional 115 shares in the last quarter. Retirement Planning Co of New England Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 13.3% in the first quarter. Retirement Planning Co of New England Inc. now owns 8,118 shares of the company's stock valued at $708,000 after buying an additional 955 shares in the last quarter. Baird Financial Group Inc. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 7.1% in the first quarter. Baird Financial Group Inc. now owns 4,565 shares of the company's stock valued at $398,000 after buying an additional 303 shares in the last quarter. Finally, CreativeOne Wealth LLC lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the first quarter. CreativeOne Wealth LLC now owns 4,861 shares of the company's stock worth $424,000 after purchasing an additional 126 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE opened at $98.98 on Monday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 27.96 and a beta of 1.05. The firm has a 50 day simple moving average of $98.55 and a 200 day simple moving average of $93.30. 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.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

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

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.

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