Invesco QQQ (NASDAQ:QQQ) Holdings Raised by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Invesco QQQ (NASDAQ:QQQ) by 141.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,399 shares of the exchange traded fund’s stock after buying an additional 11,351 shares during the period. Principal Financial Group Inc.’s holdings in Invesco QQQ were worth $9,468,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of QQQ. Socha Financial Group LLC increased its stake in shares of Invesco QQQ by 2.4% during the third quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after acquiring an additional 2,171 shares during the period. Garden State Investment Advisory Services LLC raised its stake in shares of Invesco QQQ by 13.1% in the 3rd quarter. Garden State Investment Advisory Services LLC now owns 30,990 shares of the exchange traded fund’s stock worth $15,169,000 after buying an additional 3,581 shares in the last quarter. Archer Investment Corp lifted its holdings in shares of Invesco QQQ by 10.2% in the third quarter. Archer Investment Corp now owns 43,603 shares of the exchange traded fund’s stock valued at $21,281,000 after buying an additional 4,025 shares during the period. Bank Hapoalim BM boosted its stake in Invesco QQQ by 5.5% during the third quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock valued at $59,250,000 after buying an additional 6,347 shares in the last quarter. Finally, Marco Investment Management LLC grew its holdings in Invesco QQQ by 48.1% during the third quarter. Marco Investment Management LLC now owns 9,621 shares of the exchange traded fund’s stock worth $4,696,000 after acquiring an additional 3,123 shares during the period. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Trading Down 1.3 %

Shares of Invesco QQQ stock opened at $515.61 on Tuesday. Invesco QQQ has a 52 week low of $395.34 and a 52 week high of $539.15. The company’s 50-day moving average price is $511.04 and its two-hundred day moving average price is $489.02.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd will be given a $0.8347 dividend. The ex-dividend date is Monday, December 23rd.

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.