Deutsche Bank AG Sells 1,016 Shares of Invesco QQQ (NASDAQ:QQQ)

Deutsche Bank AG cut its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 2.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,264 shares of the exchange traded fund's stock after selling 1,016 shares during the quarter. Deutsche Bank AG's holdings in Invesco QQQ were worth $20,073,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diligent Investors LLC raised its holdings in shares of Invesco QQQ by 3.1% during the fourth quarter. Diligent Investors LLC now owns 1,092 shares of the exchange traded fund's stock valued at $558,000 after purchasing an additional 33 shares during the last quarter. Dunhill Financial LLC grew its holdings in shares of Invesco QQQ by 47.5% in the fourth quarter. Dunhill Financial LLC now owns 2,736 shares of the exchange traded fund's stock worth $1,399,000 after acquiring an additional 881 shares during the period. Eagle Global Advisors LLC lifted its holdings in Invesco QQQ by 0.9% in the fourth quarter. Eagle Global Advisors LLC now owns 43,523 shares of the exchange traded fund's stock valued at $22,250,000 after acquiring an additional 375 shares during the period. EHP Funds Inc. grew its stake in shares of Invesco QQQ by 50.3% during the 4th quarter. EHP Funds Inc. now owns 26,600 shares of the exchange traded fund's stock valued at $13,599,000 after purchasing an additional 8,900 shares during the period. Finally, Collar Capital Management LLC bought a new position in shares of Invesco QQQ in the 4th quarter worth approximately $653,000. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Trading Up 0.6%

Shares of NASDAQ QQQ opened at $518.68 on Thursday. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81. The firm has a market capitalization of $324.28 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18. The firm has a 50 day moving average of $468.98 and a 200 day moving average of $499.70.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date was 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.

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