Daiwa Securities Group Inc. Has $64.53 Million Stock Position in Invesco QQQ (NASDAQ:QQQ)

Daiwa Securities Group Inc. lowered its position in Invesco QQQ (NASDAQ:QQQ) by 22.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 126,208 shares of the exchange traded fund’s stock after selling 36,610 shares during the period. Daiwa Securities Group Inc.’s holdings in Invesco QQQ were worth $64,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Stephens Consulting LLC lifted its position in Invesco QQQ by 0.4% in the fourth quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund’s stock worth $2,769,000 after purchasing an additional 19 shares during the period. Planning Capital Management Corp raised its stake in shares of Invesco QQQ by 7.1% in the 3rd quarter. Planning Capital Management Corp now owns 300 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 20 shares in the last quarter. Cardinal Point Capital Management ULC lifted its holdings in shares of Invesco QQQ by 0.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund’s stock worth $1,995,000 after acquiring an additional 20 shares during the period. Hoese & Co LLP boosted its position in shares of Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. increased its stake in Invesco QQQ by 1.9% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund’s stock valued at $559,000 after acquiring an additional 20 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 0.7 %

NASDAQ:QQQ opened at $491.79 on Monday. The firm has a market capitalization of $309.95 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 12-month low of $413.07 and a 12-month high of $540.81. The firm has a 50-day moving average price of $518.84 and a 200 day moving average price of $504.14.

Invesco QQQ Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were given a dividend of $0.8347 per share. The ex-dividend date of this dividend was Monday, December 23rd.

Invesco QQQ Company Profile

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.