Invesco QQQ (NASDAQ:QQQ) is Rakuten Securities Inc.’s 10th Largest Position

Rakuten Securities Inc. lifted its stake in Invesco QQQ (NASDAQ:QQQ) by 25.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,866 shares of the exchange traded fund’s stock after acquiring an additional 1,375 shares during the period. Invesco QQQ makes up about 1.4% of Rakuten Securities Inc.’s holdings, making the stock its 10th largest holding. Rakuten Securities Inc.’s holdings in Invesco QQQ were worth $3,510,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. PayPay Securities Corp boosted its holdings in shares of Invesco QQQ by 276.9% in the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after acquiring an additional 36 shares during the period. Roxbury Financial LLC bought a new position in shares of Invesco QQQ in the fourth quarter worth $37,000. Hoese & Co LLP boosted its stake in Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new stake in Invesco QQQ during the fourth quarter valued at $51,000. Finally, Legacy Bridge LLC boosted its stake in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock valued at $59,000 after buying an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $471.60 on Wednesday. The firm has a market capitalization of $297.23 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The stock has a fifty day moving average of $517.19 and a 200 day moving average of $504.07.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

Invesco QQQ 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.