Invesco QQQ (NASDAQ:QQQ) Stock Position Lifted by Rakuten Securities Inc.

Rakuten Securities Inc. boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQ) by 25.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,866 shares of the exchange traded fund’s stock after purchasing an additional 1,375 shares during the period. Invesco QQQ comprises approximately 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 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. PayPay Securities Corp grew its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 36 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of Invesco QQQ during the 4th quarter valued at $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after purchasing an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in Invesco QQQ in the 4th quarter worth $51,000. Finally, Legacy Bridge LLC raised its holdings 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 acquiring an additional 45 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.2 %

NASDAQ:QQQ opened at $471.60 on Wednesday. The stock has a market cap of $297.23 billion, a PE ratio of 33.43 and a beta of 1.11. The business’s 50-day simple moving average is $517.19 and its two-hundred day simple moving average is $504.07. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81.

Invesco QQQ Dividend Announcement

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