Nations Financial Group Inc. IA ADV Lowers Position in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ: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 trimmed its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,158 shares of the company's stock after selling 3,226 shares during the quarter. Nations Financial Group Inc. IA ADV owned 0.42% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $4,461,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of QQQE. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 6,000.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 305 shares of the company's stock valued at $27,000 after purchasing an additional 300 shares during the period. Heck Capital Advisors LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $43,000. American Capital Advisory LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth $46,000. BridgePort Financial Solutions LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $207,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the fourth quarter worth $212,000.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $98.59 on Friday. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $75.07 and a one year high of $100.94. The business has a fifty day moving average price of $97.96 and a 200-day moving average price of $92.89. The firm has a market capitalization of $1.24 billion, a P/E ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Tuesday, June 24th were issued a $0.1422 dividend. 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. This represents a $0.57 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.

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