White Pine Investment CO Has $1.52 Million Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

White Pine Investment CO grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,888 shares of the company’s stock after purchasing an additional 578 shares during the period. White Pine Investment CO owned about 0.12% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,523,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in QQQE. International Assets Investment Management LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 8,495.2% during the 3rd quarter. International Assets Investment Management LLC now owns 306,935 shares of the company’s stock valued at $27,686,000 after purchasing an additional 303,364 shares during the last quarter. Astor Investment Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter worth approximately $7,028,000. MRA Advisory Group grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 68.8% during the 2nd quarter. MRA Advisory Group now owns 105,619 shares of the company’s stock worth $9,373,000 after acquiring an additional 43,058 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock worth $3,634,000 after acquiring an additional 34,636 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter valued at $2,568,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of QQQE opened at $89.72 on Friday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The stock has a fifty day moving average price of $89.51 and a two-hundred day moving average price of $88.22. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $72.80 and a 52-week high of $92.68.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, September 24th were issued a $0.1602 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.71%.

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.