Sumitomo Mitsui Trust Group Inc. Acquires 39,638 Shares of Invesco QQQ (NASDAQ:QQQ)

Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 9.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 442,532 shares of the exchange traded fund’s stock after buying an additional 39,638 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Invesco QQQ were worth $226,236,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Socha Financial Group LLC raised its holdings in Invesco QQQ by 3.7% during the 4th quarter. Socha Financial Group LLC now owns 95,033 shares of the exchange traded fund’s stock valued at $48,584,000 after buying an additional 3,383 shares during the last quarter. Strategic Financial Concepts LLC increased its position in shares of Invesco QQQ by 47,853.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 4,113,968 shares of the exchange traded fund’s stock valued at $2,103,184,000 after acquiring an additional 4,105,389 shares during the period. Encompass Wealth Advisors LLC raised its stake in shares of Invesco QQQ by 71.5% during the fourth quarter. Encompass Wealth Advisors LLC now owns 3,253 shares of the exchange traded fund’s stock valued at $1,663,000 after acquiring an additional 1,356 shares during the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of Invesco QQQ by 70.4% during the fourth quarter. Iron Horse Wealth Management LLC now owns 242 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 100 shares during the period. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in shares of Invesco QQQ by 44.8% in the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 1,541 shares of the exchange traded fund’s stock worth $788,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.3 %

QQQ opened at $522.92 on Friday. Invesco QQQ has a one year low of $413.07 and a one year high of $539.15. The business has a 50 day simple moving average of $521.00 and a two-hundred day simple moving average of $495.29.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

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.