Northwestern Mutual Wealth Management Co. Has $3.63 Million Stock 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. raised its stake in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE - Free Report) by 26.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 41,663 shares of the company's stock after purchasing an additional 8,787 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.34% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $3,633,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. PKO Investment Management Joint Stock Co acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $37,703,000. Bank of America Corp DE grew its holdings in 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 acquiring an additional 357,895 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth about $14,938,000. LeConte Wealth Management LLC acquired a new stake in Direxion NASDAQ-100 Equal Weighted Index Shares during the 1st quarter worth about $10,162,000. Finally, Frisch Financial Group Inc. grew its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 38.2% during the 1st quarter. Frisch Financial Group Inc. now owns 240,535 shares of the company's stock worth $20,972,000 after acquiring an additional 66,538 shares during the period.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Down 0.7%

Direxion NASDAQ-100 Equal Weighted Index Shares stock traded down $0.73 during trading hours on Friday, reaching $98.05. 74,166 shares of the company's stock were exchanged, compared to its average volume of 200,621. The firm's 50 day simple moving average is $98.51 and its 200 day simple moving average is $93.13. Direxion NASDAQ-100 Equal Weighted Index Shares has a twelve month low of $75.07 and a twelve month high of $100.94. The firm has a market capitalization of $1.24 billion, a PE ratio of 27.96 and a beta of 1.05.

Direxion NASDAQ-100 Equal Weighted Index Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Tuesday, June 24th were issued a dividend of $0.1422 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date 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.