Union Bancaire Privee UBP SA lessened its stake in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 27.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,452 shares of the exchange traded fund's stock after selling 7,844 shares during the quarter. Union Bancaire Privee UBP SA's holdings in Invesco QQQ were worth $9,163,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. PayPay Securities Corp lifted its holdings in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ during the fourth quarter valued at approximately $35,000. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $36,000. Roxbury Financial LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Midwest Capital Advisors LLC bought a new stake in shares of Invesco QQQ during the fourth quarter valued at approximately $51,000. Hedge funds and other institutional investors own 44.58% of the company's stock.
Invesco QQQ Stock Performance
Shares of Invesco QQQ stock traded down $6.70 on Friday, hitting $526.96. 55,743,632 shares of the company traded hands, compared to its average volume of 38,368,792. The stock has a market capitalization of $330.22 billion, a P/E ratio of 32.66 and a beta of 1.11. Invesco QQQ has a 52 week low of $402.39 and a 52 week high of $540.81. The business has a 50-day simple moving average of $492.58 and a 200 day simple moving average of $502.76.
Invesco QQQ Cuts Dividend
The firm also recently declared a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were given a $0.7157 dividend. The ex-dividend date was Monday, March 24th.
Invesco QQQ Profile
(
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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