Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 10.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 589,771 shares of the exchange traded fund's stock after selling 66,075 shares during the period. Invesco QQQ accounts for 0.7% of Mirae Asset Global Investments Co. Ltd.'s portfolio, making the stock its 22nd largest holding. Mirae Asset Global Investments Co. Ltd. owned approximately 0.09% of Invesco QQQ worth $273,514,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Wilkins Miller Wealth Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth $1,018,000. Synergy Investment Management LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth $723,000. Grant Private Wealth Management Inc purchased a new position in shares of Invesco QQQ in the 4th quarter worth $815,000. Tandem Investment Partners LLC purchased a new position in shares of Invesco QQQ in the 4th quarter worth $4,623,000. Finally, Gemsstock Ltd. grew its stake in shares of Invesco QQQ by 266.4% in the 4th quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund's stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.
Invesco QQQ Stock Performance
Shares of NASDAQ:QQQ traded up $1.87 on Friday, reaching $548.09. The company's stock had a trading volume of 57,440,636 shares, compared to its average volume of 39,006,887. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $549.99. The company has a 50-day simple moving average of $509.76 and a 200 day simple moving average of $503.88.
Invesco QQQ Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd will be paid a $0.5911 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%.
Invesco QQQ Profile
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Free Report)
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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