White Pine Investment CO Purchases 578 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

White Pine Investment CO raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Berkshire Money Management Inc. lifted its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.5% during the 2nd quarter. Berkshire Money Management Inc. now owns 800,676 shares of the company’s stock worth $71,052,000 after buying an additional 19,819 shares during the last quarter. KMG Fiduciary Partners LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the third quarter worth about $1,964,000. Astor Investment Management LLC acquired a new stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the 3rd quarter valued at approximately $7,028,000. B. Riley Wealth Advisors Inc. boosted its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 555.2% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 40,874 shares of the company’s stock valued at $3,634,000 after purchasing an additional 34,636 shares in the last quarter. Finally, Ameritas Advisory Services LLC grew its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 15.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 35,580 shares of the company’s stock valued at $3,157,000 after purchasing an additional 4,813 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock opened at $89.72 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a 1 year low of $72.80 and a 1 year high of $92.68. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 28.84 and a beta of 1.05. The company has a 50 day simple moving average of $89.51 and a 200 day simple moving average of $88.22.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

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

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.