Invesco QQQ $QQQ Shares Acquired by Norinchukin Bank The

Key Points

• Norinchukin Bank The has increased its stake in Invesco QQQ by 26.0%, owning a total of 518,000 shares after purchasing an additional 107,000 shares in the first quarter.
• Invesco QQQ currently represents 4.5% of Norinchukin Bank The's portfolio, making it the bank's third-largest holding.
• As of the latest quarter, Invesco QQQ has an estimated worth of $242.9 million, with institutional investors owning approximately 44.58% of the stock.

Norinchukin Bank The raised its position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 518,000 shares of the exchange traded fund's stock after buying an additional 107,000 shares during the quarter. Invesco QQQ comprises about 4.5% of Norinchukin Bank The's investment portfolio, making the stock its 3rd largest holding. Norinchukin Bank The owned approximately 0.08% of Invesco QQQ worth $242,901,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of QQQ. Eagle Capital Management LLC raised its stake in Invesco QQQ by 0.3% in the fourth quarter. Eagle Capital Management LLC now owns 60,686 shares of the exchange traded fund's stock valued at $31,025,000 after buying an additional 185 shares during the last quarter. Brighton Jones LLC increased its holdings in shares of Invesco QQQ by 15.0% during the fourth quarter. Brighton Jones LLC now owns 38,348 shares of the exchange traded fund's stock valued at $19,605,000 after acquiring an additional 4,989 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Invesco QQQ by 3.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,257 shares of the exchange traded fund's stock valued at $2,687,000 after acquiring an additional 176 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of Invesco QQQ in the 4th quarter valued at approximately $610,000. Finally, Kayne Anderson Rudnick Investment Management LLC grew its position in Invesco QQQ by 11.9% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,369 shares of the exchange traded fund's stock worth $1,722,000 after purchasing an additional 358 shares during the last quarter. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ traded up $8.69 during mid-day trading on Friday, hitting $571.97. The stock had a trading volume of 51,413,030 shares, compared to its average volume of 46,061,000. The company has a 50 day moving average of $557.92 and a two-hundred day moving average of $515.81. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $583.32.

Invesco QQQ Cuts Dividend

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

About Invesco QQQ

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.