Bank Julius Baer & Co. Ltd Zurich lessened its stake in Invesco QQQ (NASDAQ:QQQ - Free Report) by 58.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 136,567 shares of the exchange traded fund's stock after selling 190,105 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich's holdings in Invesco QQQ were worth $74,559,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. PayPay Securities Corp increased its stake in shares of Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund's stock worth $25,000 after purchasing an additional 36 shares during the period. Roxbury Financial LLC acquired a new position in Invesco QQQ in the 4th quarter valued at $37,000. Hoese & Co LLP increased its position 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 buying an additional 20 shares during the period. Midwest Capital Advisors LLC bought a new position in Invesco QQQ during the 4th quarter worth $51,000. Finally, Legacy Bridge LLC lifted its holdings in shares of Invesco QQQ by 60.0% during the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund's stock worth $59,000 after buying an additional 45 shares in the last quarter. 44.58% of the stock is owned by institutional investors.
Invesco QQQ Price Performance
Invesco QQQ stock traded up $3.59 during midday trading on Friday, hitting $491.79. The company's stock had a trading volume of 54,649,747 shares, compared to its average volume of 34,845,187. The company has a 50-day moving average price of $518.84 and a two-hundred day moving average price of $503.99. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $540.81. The company has a market cap of $309.95 billion, a price-to-earnings ratio of 33.43 and a beta of 1.11.
Invesco QQQ Dividend Announcement
The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were issued a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.
Invesco QQQ Company Profile
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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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