Shoker Investment Counsel Inc. Sells 481 Shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE)

Shoker Investment Counsel Inc. lowered its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 2.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,151 shares of the company’s stock after selling 481 shares during the period. Shoker Investment Counsel Inc. owned about 0.14% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $1,670,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company’s stock worth $27,000 after buying an additional 300 shares during the period. Heck Capital Advisors LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $43,000. American Capital Advisory LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 1st quarter worth $46,000. KCM Investment Advisors LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $205,000. Finally, BridgePort Financial Solutions LLC bought a new position in Direxion NASDAQ-100 Equal Weighted Index Shares in the 4th quarter worth $207,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $100.38 on Monday. The company has a market capitalization of $1.26 billion, a P/E ratio of 27.96 and a beta of 1.05. The company has a fifty day moving average of $96.75 and a 200 day moving average of $92.30. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $100.43.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were issued a $0.1422 dividend. The ex-dividend date of this dividend was Tuesday, June 24th. This represents a $0.57 annualized dividend and a yield of 0.57%. 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.