OVERSEA CHINESE BANKING Corp Ltd Purchases 1,123 Shares of Invesco QQQ (NASDAQ:QQQ)

OVERSEA CHINESE BANKING Corp Ltd grew its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 1.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,418 shares of the exchange traded fund's stock after purchasing an additional 1,123 shares during the quarter. Invesco QQQ makes up about 1.4% of OVERSEA CHINESE BANKING Corp Ltd's investment portfolio, making the stock its 13th largest holding. OVERSEA CHINESE BANKING Corp Ltd's holdings in Invesco QQQ were worth $49,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Mullooly Asset Management Inc. bought a new position in Invesco QQQ in the 1st quarter worth approximately $2,775,904,000. Ameriprise Financial Inc. lifted its holdings in shares of Invesco QQQ by 20.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,500,368 shares of the exchange traded fund's stock worth $2,300,993,000 after buying an additional 756,990 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Invesco QQQ by 34.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,199,820 shares of the exchange traded fund's stock worth $1,124,614,000 after acquiring an additional 568,120 shares during the last quarter. GAMMA Investing LLC boosted 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 last quarter. Finally, TD Asset Management Inc grew its stake in Invesco QQQ by 18.1% during the first quarter. TD Asset Management Inc now owns 1,378,074 shares of the exchange traded fund's stock valued at $646,206,000 after acquiring an additional 210,894 shares in the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 2.0%

Shares of QQQ stock opened at $553.88 on Friday. The company's fifty day simple moving average is $544.01 and its two-hundred day simple moving average is $510.73. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $574.63.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors 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 dividend on an annualized basis and a yield of 0.4%.

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.

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