Northwestern Mutual Wealth Management Co. Has $5.15 Million Holdings in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Northwestern Mutual Wealth Management Co. increased its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 25.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,349 shares of the company’s stock after purchasing an additional 10,686 shares during the quarter. Northwestern Mutual Wealth Management Co. owned approximately 0.42% of Direxion NASDAQ-100 Equal Weighted Index Shares worth $5,146,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of QQQE. Cetera Investment Advisers grew its position in shares of 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 valued at $2,522,000 after buying an additional 3,703 shares during the last quarter. Total Investment Management Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 4.9% during the first 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 last quarter. Legacy Capital Group California Inc. raised its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the first 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 last quarter. LeConte Wealth Management LLC acquired a new position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares in the first quarter worth approximately $10,162,000. Finally, Tradition Wealth Management LLC boosted its holdings in Direxion NASDAQ-100 Equal Weighted Index Shares by 5.2% in the first quarter. Tradition Wealth Management LLC now owns 18,934 shares of the company’s stock valued at $1,651,000 after acquiring an additional 938 shares during the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

NASDAQ:QQQE opened at $102.78 on Wednesday. Direxion NASDAQ-100 Equal Weighted Index Shares has a fifty-two week low of $75.07 and a fifty-two week high of $105.37. The company has a 50 day simple moving average of $101.84 and a two-hundred day simple moving average of $99.09. The company has a market capitalization of $1.23 billion, a PE ratio of 27.96 and a beta of 1.08.

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.