Nomura Asset Management Co. Ltd. Sells 150 Shares of Invesco QQQ (NASDAQ:QQQ)

Nomura Asset Management Co. Ltd. cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,173 shares of the exchange traded fund’s stock after selling 150 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invesco QQQ were worth $3,013,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mechanics Financial Corp acquired a new position in shares of Invesco QQQ during the 2nd quarter worth about $30,000. Legacy Bridge LLC raised its holdings in Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares in the last quarter. BNP Paribas acquired a new position in Invesco QQQ during the third quarter valued at approximately $62,000. CarsonAllaria Wealth Management Ltd. grew its stake in Invesco QQQ by 27.2% in the second quarter. CarsonAllaria Wealth Management Ltd. now owns 131 shares of the exchange traded fund’s stock valued at $63,000 after purchasing an additional 28 shares in the last quarter. Finally, Bray Capital Advisors increased its position in shares of Invesco QQQ by 78.0% during the 2nd quarter. Bray Capital Advisors now owns 146 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ QQQ opened at $530.53 on Friday. Invesco QQQ has a 12 month low of $395.34 and a 12 month high of $533.17. The stock has a 50 day moving average of $503.79 and a 200-day moving average of $483.96.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were paid a $0.677 dividend. This represents a $2.71 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Monday, September 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.