Allianz SE Takes $54.70 Million Position in Invesco QQQ (NASDAQ:QQQ)

Allianz SE bought a new stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 106,858 shares of the exchange traded fund's stock, valued at approximately $54,696,000. Invesco QQQ comprises approximately 1.4% of Allianz SE's investment portfolio, making the stock its 13th biggest holding.

Other institutional investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. grew its stake in shares of Invesco QQQ by 0.3% during the third quarter. SOA Wealth Advisors LLC. now owns 17,369 shares of the exchange traded fund's stock valued at $8,477,000 after buying an additional 46 shares during the last quarter. FMR LLC grew its position in Invesco QQQ by 1.7% in the 3rd quarter. FMR LLC now owns 778,065 shares of the exchange traded fund's stock valued at $379,751,000 after acquiring an additional 13,338 shares during the last quarter. Glenmede Trust Co. NA increased its stake in Invesco QQQ by 13.7% in the third quarter. Glenmede Trust Co. NA now owns 29,459 shares of the exchange traded fund's stock worth $14,378,000 after purchasing an additional 3,553 shares during the period. Fiduciary Trust Co lifted its position in shares of Invesco QQQ by 4.4% during the third quarter. Fiduciary Trust Co now owns 5,508 shares of the exchange traded fund's stock worth $2,688,000 after purchasing an additional 230 shares during the last quarter. Finally, Financial Counselors Inc. boosted its stake in shares of Invesco QQQ by 4.1% during the third quarter. Financial Counselors Inc. now owns 10,300 shares of the exchange traded fund's stock valued at $5,027,000 after purchasing an additional 410 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Trading Up 0.5 %

Shares of NASDAQ QQQ traded up $2.51 during mid-day trading on Tuesday, reaching $471.43. The company had a trading volume of 20,583,290 shares, compared to its average volume of 35,087,056. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The business's 50-day moving average is $507.38 and its 200-day moving average is $505.32. The stock has a market cap of $299.05 billion, a price-to-earnings ratio of 30.05 and a beta of 1.18.

Invesco QQQ Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be paid a $0.7157 dividend. 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.