Daiwa Securities Group Inc. Purchases 8,758 Shares of Invesco QQQ (NASDAQ:QQQ)

Daiwa Securities Group Inc. increased its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 156,449 shares of the exchange traded fund's stock after acquiring an additional 8,758 shares during the period. Daiwa Securities Group Inc.'s holdings in Invesco QQQ were worth $64,068,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. Telos Capital Management Inc. boosted its stake in Invesco QQQ by 33.0% during the 4th quarter. Telos Capital Management Inc. now owns 21,366 shares of the exchange traded fund's stock valued at $8,750,000 after purchasing an additional 5,307 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Invesco QQQ by 625.4% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 32,252 shares of the exchange traded fund's stock valued at $13,211,000 after purchasing an additional 27,806 shares during the period. PPSC Investment Service Corp boosted its stake in Invesco QQQ by 7.0% during the 4th quarter. PPSC Investment Service Corp now owns 238,500 shares of the exchange traded fund's stock valued at $97,671,000 after purchasing an additional 15,700 shares during the period. Beam Wealth Advisors Inc. boosted its stake in Invesco QQQ by 16.5% during the 4th quarter. Beam Wealth Advisors Inc. now owns 5,885 shares of the exchange traded fund's stock valued at $2,410,000 after purchasing an additional 833 shares during the period. Finally, Rakuten Securities Inc. bought a new stake in Invesco QQQ during the 4th quarter valued at approximately $2,803,000. Institutional investors own 44.58% of the company's stock.

Invesco QQQ Price Performance

NASDAQ:QQQ traded down $5.26 during mid-day trading on Wednesday, hitting $425.84. 56,285,592 shares of the company's stock traded hands, compared to its average volume of 45,611,754. The firm has a 50 day moving average of $438.24 and a two-hundred day moving average of $407.40. Invesco QQQ has a 12 month low of $309.89 and a 12 month high of $449.34.

Invesco QQQ Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a $0.5735 dividend. The ex-dividend date is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 0.54%.

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.