SBI Securities Co. Ltd. Takes $101.70 Million Position in Invesco QQQ (NASDAQ:QQQ)

SBI Securities Co. Ltd. acquired a new stake in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 198,940 shares of the exchange traded fund’s stock, valued at approximately $101,704,000. Invesco QQQ accounts for 3.1% of SBI Securities Co. Ltd.’s investment portfolio, making the stock its 6th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SOA Wealth Advisors LLC. raised its stake in Invesco QQQ by 0.3% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund’s stock worth $8,477,000 after buying an additional 46 shares during the period. Pettinga Financial Advisors LLC raised its stake in Invesco QQQ by 13.6% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 15,475 shares of the exchange traded fund’s stock worth $7,553,000 after buying an additional 1,854 shares during the period. Campbell Wealth Management raised its stake in Invesco QQQ by 1.8% during the 3rd quarter. Campbell Wealth Management now owns 161,909 shares of the exchange traded fund’s stock worth $79,023,000 after buying an additional 2,848 shares during the period. Juniper Hill Capital Management LP acquired a new position in Invesco QQQ during the 3rd quarter worth approximately $16,890,000. Finally, Weatherly Asset Management L. P. raised its stake in Invesco QQQ by 7.5% during the 3rd quarter. Weatherly Asset Management L. P. now owns 2,067 shares of the exchange traded fund’s stock worth $1,010,000 after buying an additional 144 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Up 1.6 %

Shares of Invesco QQQ stock opened at $508.30 on Friday. The company has a market cap of $320.36 billion, a PE ratio of 33.43 and a beta of 1.11. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business has a 50 day moving average price of $522.05 and a 200-day moving average price of $503.28.

Invesco QQQ Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

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.