Invesco QQQ $QQQ Stock Holdings Increased by Nan Shan Life Insurance Co. Ltd.

Key Points

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Nan Shan Life Insurance Co. Ltd. grew its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 286.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,353 shares of the exchange traded fund's stock after purchasing an additional 39,553 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Invesco QQQ were worth $25,018,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Laird Norton Wetherby Wealth Management LLC raised its holdings in shares of Invesco QQQ by 0.3% during the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 6,024 shares of the exchange traded fund's stock worth $3,080,000 after purchasing an additional 20 shares during the period. Willis Johnson & Associates Inc. increased its holdings in shares of Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock worth $416,000 after acquiring an additional 21 shares during the period. MTM Investment Management LLC increased its holdings in shares of Invesco QQQ by 1.6% in the 1st quarter. MTM Investment Management LLC now owns 1,297 shares of the exchange traded fund's stock worth $613,000 after acquiring an additional 21 shares during the period. Cutler Investment Counsel LLC increased its holdings in shares of Invesco QQQ by 1.4% in the 1st quarter. Cutler Investment Counsel LLC now owns 1,513 shares of the exchange traded fund's stock worth $710,000 after acquiring an additional 21 shares during the period. Finally, Mosaic Family Wealth Partners LLC increased its stake in Invesco QQQ by 1.6% during the 4th quarter. Mosaic Family Wealth Partners LLC now owns 1,382 shares of the exchange traded fund's stock valued at $707,000 after buying an additional 22 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Down 0.6%

Invesco QQQ stock traded down $3.38 during trading hours on Wednesday, hitting $565.90. 76,521,386 shares of the company traded hands, compared to its average volume of 44,024,636. The firm's 50-day simple moving average is $555.76 and its two-hundred day simple moving average is $514.82. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $583.32.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Monday, June 23rd were paid a dividend of $0.5911 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $2.36 annualized dividend and a yield of 0.4%.

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.