Sumitomo Mitsui Trust Holdings Inc. grew its position in Invesco QQQ (NASDAQ:QQQ – Free Report) by 8.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 660,856 shares of the exchange traded fund’s stock after purchasing an additional 51,643 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.11% of Invesco QQQ worth $293,427,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Atwater Malick LLC purchased a new stake in shares of Invesco QQQ in the first quarter worth about $293,000. Bank Hapoalim BM grew its stake in shares of Invesco QQQ by 6.3% during the 4th quarter. Bank Hapoalim BM now owns 77,333 shares of the exchange traded fund’s stock worth $31,669,000 after purchasing an additional 4,549 shares during the period. Aviance Capital Partners LLC increased its holdings in shares of Invesco QQQ by 29.7% during the 4th quarter. Aviance Capital Partners LLC now owns 4,514 shares of the exchange traded fund’s stock valued at $1,848,000 after purchasing an additional 1,033 shares in the last quarter. GenWealth Group Inc. lifted its stake in shares of Invesco QQQ by 5.8% in the 1st quarter. GenWealth Group Inc. now owns 42,457 shares of the exchange traded fund’s stock valued at $18,851,000 after purchasing an additional 2,325 shares during the period. Finally, VitalStone Financial LLC boosted its holdings in Invesco QQQ by 302.0% during the third quarter. VitalStone Financial LLC now owns 21,403 shares of the exchange traded fund’s stock worth $8,099,000 after buying an additional 16,079 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.
Invesco QQQ Stock Up 0.8 %
QQQ opened at $491.04 on Thursday. The company has a fifty day moving average of $457.35 and a two-hundred day moving average of $437.90. Invesco QQQ has a fifty-two week low of $342.35 and a fifty-two week high of $491.17.
Invesco QQQ Increases Dividend
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.
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