Nations Financial Group Inc. IA ADV Lowers Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• Nations Financial Group Inc. IA ADV reduced its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 5.9% in Q1, holding 51,158 shares valued at approximately $4.46 million.
• The dividend for QQQE was recently increased to $0.1422 per share, up from $0.06, translating to an annual dividend yield of 0.6%.
• Direxion NASDAQ-100 Equal Weighted Index Shares has a current stock price of $98.59, with a one-year range between $75.07 and $100.94.

Nations Financial Group Inc. IA ADV reduced its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 5.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,158 shares of the company's stock after selling 3,226 shares during the period. Nations Financial Group Inc. IA ADV owned 0.42% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,461,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Legacy Capital Group California Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% in the 1st quarter. Legacy Capital Group California Inc. now owns 17,409 shares of the company's stock worth $1,518,000 after acquiring an additional 193 shares during the period. Total Investment Management Inc. grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% in the 1st quarter. Total Investment Management Inc. now owns 718,322 shares of the company's stock worth $62,630,000 after acquiring an additional 33,237 shares during the period. LPL Financial LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 20.6% in the 1st quarter. LPL Financial LLC now owns 317,160 shares of the company's stock worth $27,653,000 after acquiring an additional 54,238 shares during the period. Waddell & Associates LLC grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.0% in the 1st quarter. Waddell & Associates LLC now owns 386,838 shares of the company's stock worth $33,728,000 after acquiring an additional 3,845 shares during the period. Finally, Cetera Investment Advisers grew its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 14.7% in the 1st quarter. Cetera Investment Advisers now owns 28,926 shares of the company's stock worth $2,522,000 after acquiring an additional 3,703 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock traded down $0.4170 during midday trading on Wednesday, hitting $97.4830. The stock had a trading volume of 29,199 shares, compared to its average volume of 199,959. The firm has a market cap of $1.23 billion, a PE ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a 12-month low of $75.07 and a 12-month high of $100.94. The company's 50-day moving average price is $98.09 and its 200 day moving average price is $92.98.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were paid a $0.1422 dividend. This represents a $0.57 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, June 24th. This is an increase from Direxion NASDAQ-100 Equal Weighted Index Shares's previous quarterly dividend of $0.06.

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.