Allianz SE Purchases Shares of 106,858 Invesco QQQ (NASDAQ:QQQ)

Allianz SE acquired a new position in shares of Invesco QQQ (NASDAQ:QQQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 106,858 shares of the exchange traded fund’s stock, valued at approximately $54,696,000. Invesco QQQ comprises 1.4% of Allianz SE’s holdings, making the stock its 13th largest position.

Several other hedge funds also recently modified their holdings of QQQ. Tucker Asset Management LLC raised its stake in Invesco QQQ by 6.0% in the fourth quarter. Tucker Asset Management LLC now owns 68,682 shares of the exchange traded fund’s stock valued at $35,112,000 after buying an additional 3,903 shares during the period. Valley Forge Investment Consultants Inc. ADV lifted its holdings in Invesco QQQ by 71.3% during the 4th quarter. Valley Forge Investment Consultants Inc. ADV now owns 961 shares of the exchange traded fund’s stock valued at $492,000 after purchasing an additional 400 shares during the last quarter. Mechanics Financial Corp boosted its position in Invesco QQQ by 222.2% during the fourth quarter. Mechanics Financial Corp now owns 203 shares of the exchange traded fund’s stock worth $104,000 after purchasing an additional 140 shares during the period. Transamerica Financial Advisors Inc. grew its stake in Invesco QQQ by 3.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 60,754 shares of the exchange traded fund’s stock valued at $31,059,000 after buying an additional 2,242 shares during the last quarter. Finally, Intrust Bank NA increased its position in Invesco QQQ by 1.6% during the 4th quarter. Intrust Bank NA now owns 30,111 shares of the exchange traded fund’s stock worth $15,394,000 after buying an additional 487 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $468.94 on Friday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The firm’s 50-day simple moving average is $508.43 and its 200 day simple moving average is $504.77. The firm has a market cap of $295.55 billion, a price-to-earnings ratio of 30.74 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th will be issued a $0.7157 dividend. The ex-dividend date of this dividend is Monday, March 24th.

Invesco QQQ Company 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.