Watershed Asset Management L.L.C. Cuts Stock Position in Direxion NASDAQ-100 Equal Weighted Index Shares $QQQE

Watershed Asset Management L.L.C. lessened its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares (NASDAQ:QQQE) by 82.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,200 shares of the company’s stock after selling 96,500 shares during the quarter. Direxion NASDAQ-100 Equal Weighted Index Shares comprises 2.1% of Watershed Asset Management L.L.C.’s holdings, making the stock its 15th biggest position. Watershed Asset Management L.L.C.’s holdings in Direxion NASDAQ-100 Equal Weighted Index Shares were worth $1,990,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Morgan Stanley boosted its stake in Direxion NASDAQ-100 Equal Weighted Index Shares by 40.4% in the fourth quarter. Morgan Stanley now owns 695,869 shares of the company’s stock valued at $71,195,000 after acquiring an additional 200,167 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Direxion NASDAQ-100 Equal Weighted Index Shares by 0.3% during the third quarter. Ameriprise Financial Inc. now owns 632,908 shares of the company’s stock worth $64,327,000 after purchasing an additional 1,589 shares in the last quarter. SteelPeak Wealth LLC purchased a new position in Direxion NASDAQ-100 Equal Weighted Index Shares during the 4th quarter worth $56,917,000. Northwestern Mutual Wealth Management Co. increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 865.7% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 525,272 shares of the company’s stock valued at $53,741,000 after buying an additional 470,880 shares in the last quarter. Finally, Waddell & Associates LLC increased its position in Direxion NASDAQ-100 Equal Weighted Index Shares by 1.1% during the 4th quarter. Waddell & Associates LLC now owns 412,249 shares of the company’s stock valued at $42,177,000 after buying an additional 4,347 shares in the last quarter.

Direxion NASDAQ-100 Equal Weighted Index Shares Stock Performance

Direxion NASDAQ-100 Equal Weighted Index Shares stock opened at $116.80 on Friday. The stock has a 50-day moving average of $118.35 and a two-hundred day moving average of $108.68. Direxion NASDAQ-100 Equal Weighted Index Shares has a one year low of $95.64 and a one year high of $123.26. The stock has a market cap of $1.35 billion, a PE ratio of 27.96 and a beta of 1.08.

Direxion NASDAQ-100 Equal Weighted Index Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a dividend of $0.1895 per share. The ex-dividend date was Tuesday, June 23rd. This represents a $0.76 annualized dividend and a dividend 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.