Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 865.7% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 525,272 shares of the company’s stock after buying an additional 470,880 shares during the period. Northwestern Mutual Wealth Management Co. owned 4.45% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $53,741,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,685 shares of the company’s stock valued at $275,000 after buying an additional 100 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 3.3% in the fourth quarter. Sanctuary Advisors LLC now owns 3,767 shares of the company’s stock valued at $385,000 after buying an additional 122 shares during the last quarter. Florida Financial Advisors LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.0% in the third quarter. Florida Financial Advisors LLC now owns 3,712 shares of the company’s stock valued at $377,000 after buying an additional 142 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 7.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,027 shares of the company’s stock valued at $310,000 after buying an additional 201 shares during the last quarter. Finally, American Capital Advisory LLC raised its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 15.5% in the fourth quarter. American Capital Advisory LLC now owns 1,496 shares of the company’s stock valued at $153,000 after buying an additional 201 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Shares of NASDAQ:QQQE opened at $112.66 on Monday. The company has a 50-day simple moving average of $104.32 and a 200-day simple moving average of $103.46. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $92.00 and a one year high of $114.43. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a $0.1627 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, March 24th.

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.