Nan Shan Life Insurance Co. Ltd. Sells 138,578 Shares of Invesco QQQ (NASDAQ:QQQ)

Nan Shan Life Insurance Co. Ltd. decreased its holdings in shares of Invesco QQQ (NASDAQ:QQQ - Free Report) by 90.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,800 shares of the exchange traded fund's stock after selling 138,578 shares during the period. Nan Shan Life Insurance Co. Ltd.'s holdings in Invesco QQQ were worth $7,055,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Stephens Consulting LLC increased its position in shares of Invesco QQQ by 0.4% in the 4th quarter. Stephens Consulting LLC now owns 5,416 shares of the exchange traded fund's stock valued at $2,769,000 after buying an additional 19 shares in the last quarter. Cardinal Point Capital Management ULC increased its position in shares of Invesco QQQ by 0.5% in the 4th quarter. Cardinal Point Capital Management ULC now owns 3,902 shares of the exchange traded fund's stock valued at $1,995,000 after buying an additional 20 shares in the last quarter. Hoese & Co LLP increased its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund's stock worth $42,000 after purchasing an additional 20 shares in the last quarter. Farmers & Merchants Investments Inc. increased its holdings in Invesco QQQ by 1.9% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 1,093 shares of the exchange traded fund's stock worth $559,000 after purchasing an additional 20 shares in the last quarter. Finally, RAM Investment Partners LLC increased its holdings in Invesco QQQ by 1.7% during the 4th quarter. RAM Investment Partners LLC now owns 1,167 shares of the exchange traded fund's stock worth $597,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company's stock.

Invesco QQQ Price Performance

QQQ stock traded up $2.26 during trading hours on Friday, reaching $521.51. 47,717,535 shares of the stock were exchanged, compared to its average volume of 36,809,600. The firm's 50-day moving average is $469.91 and its 200-day moving average is $499.86. The company has a market cap of $326.80 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.

Invesco QQQ Cuts Dividend

The company also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a dividend of $0.7157 per share. The ex-dividend date was Monday, March 24th.

Invesco QQQ Company 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.