Invesco QQQ (NASDAQ:QQQ) Shares Purchased by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. raised its holdings in Invesco QQQ (NASDAQ:QQQ) by 52.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 511 shares of the exchange traded fund’s stock after acquiring an additional 176 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in Invesco QQQ were worth $262,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Acute Investment Advisory LLC acquired a new stake in shares of Invesco QQQ in the fourth quarter valued at about $5,415,000. Destiny Wealth Partners LLC increased its holdings in Invesco QQQ by 18.0% in the fourth quarter. Destiny Wealth Partners LLC now owns 15,744 shares of the exchange traded fund’s stock valued at $8,049,000 after buying an additional 2,398 shares in the last quarter. Concord Asset Management LLC VA lifted its position in shares of Invesco QQQ by 2.4% during the 4th quarter. Concord Asset Management LLC VA now owns 1,192 shares of the exchange traded fund’s stock valued at $609,000 after acquiring an additional 28 shares during the period. New Millennium Group LLC boosted its stake in shares of Invesco QQQ by 4.3% during the 4th quarter. New Millennium Group LLC now owns 1,786 shares of the exchange traded fund’s stock worth $913,000 after acquiring an additional 74 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its holdings in shares of Invesco QQQ by 3.2% in the 4th quarter. Waldron Private Wealth LLC now owns 3,724 shares of the exchange traded fund’s stock worth $1,904,000 after acquiring an additional 117 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Down 0.1 %

NASDAQ QQQ opened at $522.29 on Monday. The business has a 50 day moving average price of $519.55 and a 200 day moving average price of $494.12. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15.

Invesco QQQ Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.8347 per share. The ex-dividend date was Monday, December 23rd.

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.