Mizuho Markets Americas LLC Acquires New Position in Invesco QQQ (NASDAQ:QQQ)

Mizuho Markets Americas LLC bought a new stake in Invesco QQQ (NASDAQ:QQQ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 6,415 shares of the exchange traded fund’s stock, valued at approximately $3,131,000.

Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC grew its position in Invesco QQQ by 46,491.6% in the third quarter. International Assets Investment Management LLC now owns 32,586,150 shares of the exchange traded fund’s stock worth $15,904,322,000 after acquiring an additional 32,516,210 shares during the period. Steel Grove Capital Advisors LLC increased its position in shares of Invesco QQQ by 934.0% during the 1st quarter. Steel Grove Capital Advisors LLC now owns 3,434,759 shares of the exchange traded fund’s stock worth $1,525,067,000 after purchasing an additional 3,102,568 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in Invesco QQQ by 18,691.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 2,777,351 shares of the exchange traded fund’s stock valued at $13,307,000 after buying an additional 2,762,571 shares during the period. Granite Bay Wealth Management LLC boosted its stake in Invesco QQQ by 6,215.5% during the second quarter. Granite Bay Wealth Management LLC now owns 908,924 shares of the exchange traded fund’s stock worth $409,513,000 after buying an additional 894,532 shares during the period. Finally, Harvard Management Co. Inc. acquired a new stake in shares of Invesco QQQ during the first quarter valued at about $304,591,000. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $496.57 on Friday. Invesco QQQ has a one year low of $382.66 and a one year high of $515.58. The firm’s 50 day moving average price is $489.33 and its 200-day moving average price is $474.46.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, September 23rd were paid a $0.677 dividend. The ex-dividend date was Monday, September 23rd. This represents a $2.71 dividend on an annualized basis and a dividend yield of 0.55%.

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.