Northwestern Mutual Wealth Management Co. Increases Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) by 26.7% in Q1, acquiring an additional 8,787 shares and bringing its total ownership to 41,663 shares.
• The quarterly dividend for Direxion NASDAQ-100 Equal Weighted Index Shares has risen from $0.06 to $0.1422 per share, resulting in a 0.6% dividend yield.
• As of the latest report, shares of Direxion NASDAQ-100 Equal Weighted Index opened at $98.78, with a market capitalization of $1.24 billion.

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 26.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,663 shares of the company's stock after acquiring an additional 8,787 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.34% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,633,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Renaissance Technologies LLC increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 93.0% in the fourth quarter. Renaissance Technologies LLC now owns 11,000 shares of the company's stock valued at $987,000 after buying an additional 5,300 shares in the last quarter. Beacon Pointe Advisors LLC grew its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.2% in the fourth quarter. Beacon Pointe Advisors LLC now owns 17,670 shares of the company's stock valued at $1,586,000 after purchasing an additional 205 shares during the period. Comerica Bank increased its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 2.7% during the fourth quarter. Comerica Bank now owns 14,981 shares of the company's stock worth $1,345,000 after purchasing an additional 394 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 33.3% during the 4th quarter. BNP Paribas Financial Markets now owns 200,000 shares of the company's stock worth $17,954,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 65.3% during the 4th quarter. Bank of America Corp DE now owns 906,043 shares of the company's stock worth $81,335,000 after purchasing an additional 357,895 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Price Performance

QQQE stock traded up $0.01 during trading on Wednesday, hitting $97.24. The stock had a trading volume of 21,778 shares, compared to its average volume of 199,343. The company's 50-day moving average price is $98.56 and its two-hundred day moving average price is $93.17. The stock has a market capitalization of $1.23 billion, a P/E ratio of 27.96 and a beta of 1.05. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $100.94.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Tuesday, June 24th were given a dividend of $0.1422 per share. The ex-dividend date was Tuesday, June 24th. This is a boost 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 yield of 0.6%.

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.