Norinchukin Bank The Makes New Investment in Invesco QQQ (NASDAQ:QQQ)

Norinchukin Bank The acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 411,000 shares of the exchange traded fund's stock, valued at approximately $210,116,000. Invesco QQQ makes up about 4.4% of Norinchukin Bank The's investment portfolio, making the stock its 3rd biggest position. Norinchukin Bank The owned about 0.07% of Invesco QQQ at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Invesco QQQ by 159.6% during the fourth quarter. GAMMA Investing LLC now owns 3,349 shares of the exchange traded fund's stock valued at $1,712,000 after buying an additional 2,059 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Invesco QQQ by 141.0% in the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund's stock valued at $9,468,000 after purchasing an additional 11,351 shares during the last quarter. NRI Wealth Management LC purchased a new position in Invesco QQQ during the fourth quarter worth about $28,729,000. Garden State Investment Advisory Services LLC boosted its holdings in Invesco QQQ by 13.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund's stock worth $15,169,000 after purchasing an additional 3,581 shares during the last quarter. Finally, Silverleafe Capital Partners LLC grew its position in Invesco QQQ by 16.8% in the 4th quarter. Silverleafe Capital Partners LLC now owns 45,312 shares of the exchange traded fund's stock worth $23,165,000 after purchasing an additional 6,518 shares in the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded up $12.34 during mid-day trading on Wednesday, hitting $456.82. 38,885,083 shares of the stock were exchanged, compared to its average volume of 36,538,026. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a 50-day simple moving average of $478.81 and a 200 day simple moving average of $500.56. The company has a market capitalization of $292.32 billion, a P/E ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

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

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.