Norinchukin Bank The Acquires Shares of 411,000 Invesco QQQ (NASDAQ:QQQ)

Norinchukin Bank The bought a new position in shares of Invesco QQQ (NASDAQ:QQQ) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 411,000 shares of the exchange traded fund’s stock, valued at approximately $210,116,000. Invesco QQQ accounts for about 4.4% of Norinchukin Bank The’s holdings, making the stock its 3rd largest position.

A number of other large investors have also modified their holdings of the business. PayPay Securities Corp increased its holdings in shares of Invesco QQQ by 276.9% during 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. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the 4th quarter valued at about $35,000. Roxbury Financial LLC purchased a new position in shares of Invesco QQQ in the fourth quarter valued at approximately $37,000. Hoese & Co LLP increased its position in shares of Invesco QQQ by 32.3% during the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock worth $42,000 after acquiring an additional 20 shares during the period. Finally, Midwest Capital Advisors LLC purchased a new stake in Invesco QQQ during the 4th quarter worth about $51,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.1 %

Shares of Invesco QQQ stock opened at $443.82 on Friday. The company has a market capitalization of $284.56 billion, a P/E ratio of 30.05 and a beta of 1.11. The company has a 50 day moving average of $482.54 and a 200 day moving average of $501.06. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th will be given a dividend of $0.7157 per share. The ex-dividend date of this dividend is Monday, March 24th.

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.