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

Northwestern Mutual Wealth Management Co. boosted its position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 865.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 525,272 shares of the company’s stock after acquiring an additional 470,880 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $53,741,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Waddell & Associates LLC lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 3.2% during the 3rd quarter. Waddell & Associates LLC now owns 407,902 shares of the company’s stock worth $41,447,000 after buying an additional 12,839 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 13,007.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,661 shares of the company’s stock worth $1,998,000 after buying an additional 19,511 shares in the last quarter. SteelPeak Wealth LLC acquired a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $56,917,000. UBS Group AG lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% during the 4th quarter. UBS Group AG now owns 225,759 shares of the company’s stock worth $23,097,000 after buying an additional 28,901 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 17.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 50,319 shares of the company’s stock worth $5,083,000 after buying an additional 7,483 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $112.66 on Monday. The stock’s fifty day moving average price is $104.32 and its two-hundred day moving average price is $103.46. Direxion NASDAQ-100 Equal Weighted Index Shares has a 52-week low of $92.00 and a 52-week high of $114.43. The company has a market cap 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 business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were paid a $0.1627 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 0.6%.

Direxion NASDAQ-100 Equal Weighted Index Shares 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.