Invesco QQQ (NASDAQ:QQQ) Holdings Raised by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 418.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 546,263 shares of the exchange traded fund's stock after purchasing an additional 440,968 shares during the period. Invesco QQQ comprises 1.2% of OVERSEA CHINESE BANKING Corp Ltd's portfolio, making the stock its 18th biggest holding. OVERSEA CHINESE BANKING Corp Ltd owned about 0.09% of Invesco QQQ worth $256,154,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of QQQ. Ameriprise Financial Inc. grew its position in Invesco QQQ by 20.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock valued at $2,300,993,000 after acquiring an additional 756,990 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Invesco QQQ by 34.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock valued at $1,124,614,000 after buying an additional 568,120 shares during the period. GAMMA Investing LLC increased its position in shares of Invesco QQQ by 55,795.2% during the first quarter. GAMMA Investing LLC now owns 1,871,929 shares of the exchange traded fund's stock worth $8,777,850,000 after acquiring an additional 1,868,580 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Invesco QQQ by 1.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,342,830 shares of the exchange traded fund's stock valued at $629,680,000 after purchasing an additional 14,017 shares during the last quarter. Finally, Senator Investment Group LP purchased a new position in Invesco QQQ in the 4th quarter valued at $679,936,000. Hedge funds and other institutional investors own 44.58% of the company's stock.

Invesco QQQ Stock Up 0.5%

QQQ stock traded up $2.75 during trading on Tuesday, reaching $558.96. 20,022,762 shares of the company were exchanged, compared to its average volume of 39,335,929. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $560.70. The stock's 50 day moving average price is $528.46 and its 200 day moving average price is $505.81.

Invesco QQQ Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be given a $0.5911 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, June 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.