Invesco QQQ (NASDAQ:QQQ) is SBI Securities Co. Ltd.'s 5th Largest Position

SBI Securities Co. Ltd. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 196,218 shares of the exchange traded fund's stock after selling 2,722 shares during the quarter. Invesco QQQ comprises about 3.1% of SBI Securities Co. Ltd.'s investment portfolio, making the stock its 5th biggest position. SBI Securities Co. Ltd.'s holdings in Invesco QQQ were worth $92,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in QQQ. Bridge Generations Wealth Management LLC bought a new position in shares of Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in Invesco QQQ in the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management bought a new position in Invesco QQQ in the first quarter worth approximately $50,000. Westend Capital Management LLC bought a new position in Invesco QQQ in the first quarter worth approximately $51,000. Finally, Banque Transatlantique SA bought a new position in Invesco QQQ in the fourth quarter worth approximately $57,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Up 0.5%

NASDAQ:QQQ traded up $3.05 during midday trading on Tuesday, hitting $559.26. The stock had a trading volume of 18,616,469 shares, compared to its average volume of 39,330,555. Invesco QQQ has a one year low of $402.39 and a one year high of $560.70. The stock has a 50-day moving average of $528.46 and a 200 day moving average of $505.81.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date is Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.42%.

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.