Invesco QQQ (NASDAQ:QQQ) Stock Holdings Increased by Allianz SE

Key Points

• Allianz SE increased its holdings in Invesco QQQ by 29.1% in the first quarter, now owning 137,963 shares valued at approximately $64.7 million, making it the company's 8th largest investment.
• Several institutional investors have also raised their positions in Invesco QQQ, with notable increases including a 33.6% boost from Argent Trust Co and a 2.3% increase from Commonwealth Equity Services LLC.
• Invesco QQQ's stock performance shows a current price of $553.88, with a 1-year low of $402.39 and a high of $574.63.

Allianz SE increased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 29.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,963 shares of the exchange traded fund's stock after acquiring an additional 31,105 shares during the period. Invesco QQQ comprises about 1.7% of Allianz SE's investment portfolio, making the stock its 8th biggest holding. Allianz SE's holdings in Invesco QQQ were worth $64,694,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of QQQ. Legacy Investment Solutions LLC increased its stake in shares of Invesco QQQ by 8.2% in the 4th quarter. Legacy Investment Solutions LLC now owns 264 shares of the exchange traded fund's stock valued at $138,000 after purchasing an additional 20 shares in the last quarter. Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Invesco QQQ by 0.3% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock valued at $3,080,000 after purchasing an additional 20 shares in the last quarter. Willis Johnson & Associates Inc. increased its stake in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares in the last quarter. MTM Investment Management LLC increased its stake in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock valued at $613,000 after purchasing an additional 21 shares in the last quarter. Finally, Cutler Investment Counsel LLC boosted its holdings in Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after buying an additional 21 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Trading Down 2.0%

QQQ stock traded down $11.13 during trading on Friday, hitting $553.88. The stock had a trading volume of 69,290,965 shares, compared to its average volume of 43,611,480. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.63. The company's 50-day moving average price is $544.01 and its two-hundred day moving average price is $510.67.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Monday, June 23rd were issued a dividend of $0.5911 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Monday, June 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.