MRA Advisory Group Has $11.84 Million Stock Holdings in 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 raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 21.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 120,418 shares of the company's stock after acquiring an additional 21,091 shares during the period. Direxion NASDAQ-100 Equal Weighted Index Shares makes up 5.5% of MRA Advisory Group's portfolio, making the stock its 3rd biggest position. MRA Advisory Group owned about 0.97% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $11,838,000 at the end of the most recent quarter.

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

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

QQQE traded down $0.03 during trading on Friday, reaching $100.85. 35,050 shares of the company's stock were exchanged, compared to its average volume of 196,019. The company's fifty day moving average price is $98.61 and its 200-day moving average price is $93.50. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $101.28. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently declared 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. This represents a $0.57 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06.

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.