Daiwa Securities Group Inc. Raises Stock Position in Invesco QQQ $QQQ

Daiwa Securities Group Inc. boosted its position in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 13.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,762 shares of the exchange traded fund’s stock after purchasing an additional 30,173 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco QQQ were worth $155,947,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Well Done LLC raised its stake in Invesco QQQ by 0.5% during the fourth quarter. Well Done LLC now owns 3,439 shares of the exchange traded fund’s stock worth $2,113,000 after purchasing an additional 16 shares during the period. Tenon Financial LLC raised its stake in Invesco QQQ by 2.2% during the fourth quarter. Tenon Financial LLC now owns 805 shares of the exchange traded fund’s stock worth $494,000 after purchasing an additional 17 shares during the period. SJS Investment Consulting Inc. raised its stake in Invesco QQQ by 1.7% during the fourth quarter. SJS Investment Consulting Inc. now owns 1,017 shares of the exchange traded fund’s stock worth $625,000 after purchasing an additional 17 shares during the period. Cascade Investment Group Inc. raised its stake in Invesco QQQ by 4.6% during the fourth quarter. Cascade Investment Group Inc. now owns 388 shares of the exchange traded fund’s stock worth $238,000 after purchasing an additional 17 shares during the period. Finally, Keeler & Nadler Financial Planning & Wealth Management raised its stake in Invesco QQQ by 3.0% during the fourth quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 576 shares of the exchange traded fund’s stock worth $354,000 after purchasing an additional 17 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ News Summary

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Down 0.5%

Shares of QQQ stock opened at $740.61 on Friday. The firm’s 50-day moving average is $664.57 and its two-hundred day moving average is $630.59. Invesco QQQ has a 12 month low of $522.66 and a 12 month high of $748.65.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.7328 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $2.93 dividend on an annualized basis and a yield of 0.4%.

About Invesco QQQ

(Free Report)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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