Mitsubishi UFJ Trust & Banking Corp Increases Position in Invesco QQQ $QQQ

Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 95.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,845 shares of the exchange traded fund’s stock after purchasing an additional 47,869 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Invesco QQQ were worth $58,743,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Orgel Wealth Management LLC grew its stake in Invesco QQQ by 4.7% in the 3rd quarter. Orgel Wealth Management LLC now owns 382 shares of the exchange traded fund’s stock valued at $229,000 after acquiring an additional 17 shares during the period. Enclave Advisors LLC grew its position in shares of Invesco QQQ by 0.9% in the third quarter. Enclave Advisors LLC now owns 1,831 shares of the exchange traded fund’s stock valued at $1,099,000 after purchasing an additional 17 shares during the period. IFS Advisors LLC increased its stake in shares of Invesco QQQ by 4.1% during the third quarter. IFS Advisors LLC now owns 431 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 17 shares in the last quarter. Mezzasalma Advisors LLC raised its position in shares of Invesco QQQ by 0.5% during the 3rd quarter. Mezzasalma Advisors LLC now owns 3,312 shares of the exchange traded fund’s stock worth $1,988,000 after purchasing an additional 17 shares during the last quarter. Finally, TCV Trust & Wealth Management Inc. raised its position in shares of Invesco QQQ by 1.4% during the 3rd quarter. TCV Trust & Wealth Management Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $748,000 after purchasing an additional 17 shares during the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Up 0.3%

QQQ stock opened at $622.72 on Friday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $637.01. The business’s 50-day moving average is $616.52 and its 200 day moving average is $598.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were given a dividend of $0.7941 per share. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a dividend yield of 0.5%.

Key Stories Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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