OVERSEA CHINESE BANKING Corp Ltd Has $55 Million Stake in Invesco QQQ (NASDAQ:QQQ)

OVERSEA CHINESE BANKING Corp Ltd lowered its stake in Invesco QQQ (NASDAQ:QQQ) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,690 shares of the exchange traded fund’s stock after selling 11,130 shares during the quarter. Invesco QQQ makes up approximately 1.5% of OVERSEA CHINESE BANKING Corp Ltd’s investment portfolio, making the stock its 12th largest position. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Invesco QQQ were worth $55,001,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westwood Holdings Group Inc. raised its position in Invesco QQQ by 14.1% in the first quarter. Westwood Holdings Group Inc. now owns 16,155 shares of the exchange traded fund’s stock valued at $7,173,000 after purchasing an additional 1,993 shares during the last quarter. Socha Financial Group LLC raised its holdings in Invesco QQQ by 2.4% in the 3rd quarter. Socha Financial Group LLC now owns 91,650 shares of the exchange traded fund’s stock valued at $44,732,000 after buying an additional 2,171 shares during the last quarter. Bank Hapoalim BM boosted its position in Invesco QQQ by 5.5% during the 3rd quarter. Bank Hapoalim BM now owns 121,397 shares of the exchange traded fund’s stock worth $59,250,000 after buying an additional 6,347 shares during the period. SVB Wealth LLC grew its holdings in Invesco QQQ by 15.2% during the 1st quarter. SVB Wealth LLC now owns 18,559 shares of the exchange traded fund’s stock worth $8,240,000 after acquiring an additional 2,453 shares during the last quarter. Finally, Invictus Private Wealth LLC increased its position in Invesco QQQ by 1.3% in the 3rd quarter. Invictus Private Wealth LLC now owns 334,023 shares of the exchange traded fund’s stock valued at $163,026,000 after acquiring an additional 4,139 shares during the period. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.1 %

QQQ stock opened at $513.84 on Tuesday. Invesco QQQ has a 52-week low of $375.24 and a 52-week high of $515.58. The company has a fifty day moving average price of $485.37 and a 200-day moving average price of $472.57.

Invesco QQQ Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd were issued a dividend of $0.677 per share. This represents a $2.71 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 23rd.

About Invesco QQQ

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.