Fullerton Fund Management Co Ltd. Has $25.43 Million Position in Invesco QQQ (NASDAQ:QQQ)

Fullerton Fund Management Co Ltd. lowered its holdings in Invesco QQQ (NASDAQ:QQQ - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,739 shares of the exchange traded fund's stock after selling 17,440 shares during the quarter. Invesco QQQ comprises about 0.9% of Fullerton Fund Management Co Ltd.'s investment portfolio, making the stock its 25th largest position. Fullerton Fund Management Co Ltd.'s holdings in Invesco QQQ were worth $25,428,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Ensign Peak Advisors Inc boosted its stake in Invesco QQQ by 292.4% in the fourth quarter. Ensign Peak Advisors Inc now owns 268,400 shares of the exchange traded fund's stock worth $137,214,000 after purchasing an additional 200,000 shares in the last quarter. Ewing Morris & Co. Investment Partners Ltd. bought a new stake in shares of Invesco QQQ during the fourth quarter worth $3,545,000. Fairview Capital Investment Management LLC raised its position in shares of Invesco QQQ by 7.2% during the fourth quarter. Fairview Capital Investment Management LLC now owns 4,867 shares of the exchange traded fund's stock worth $2,488,000 after acquiring an additional 329 shares during the last quarter. First Manhattan CO. LLC. raised its position in shares of Invesco QQQ by 2.5% during the fourth quarter. First Manhattan CO. LLC. now owns 8,787 shares of the exchange traded fund's stock worth $4,492,000 after acquiring an additional 212 shares during the last quarter. Finally, Family Management Corp raised its position in shares of Invesco QQQ by 203.6% during the fourth quarter. Family Management Corp now owns 3,835 shares of the exchange traded fund's stock worth $1,961,000 after acquiring an additional 7,535 shares during the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

Shares of QQQ stock traded up $7.74 on Tuesday, reaching $515.59. 52,784,452 shares of the stock were exchanged, compared to its average volume of 36,613,120. The stock has a 50 day moving average price of $467.90 and a 200 day moving average price of $499.45. The stock has a market cap of $322.35 billion, a PE ratio of 30.62 and a beta of 1.18. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.

Invesco QQQ Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Investors of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.

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.