Factory Mutual Insurance Co. Sells 401,400 Shares of Invesco QQQ (NASDAQ:QQQ)

Factory Mutual Insurance Co. lowered its position in Invesco QQQ (NASDAQ:QQQFree Report) by 83.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,154 shares of the exchange traded fund’s stock after selling 401,400 shares during the period. Factory Mutual Insurance Co.’s holdings in Invesco QQQ were worth $32,825,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Moneta Group Investment Advisors LLC increased its holdings in Invesco QQQ by 156,045.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 43,491,085 shares of the exchange traded fund’s stock worth $11,580,806,000 after purchasing an additional 43,463,232 shares in the last quarter. Morgan Stanley boosted its stake in shares of Invesco QQQ by 10.0% during the 4th quarter. Morgan Stanley now owns 16,815,487 shares of the exchange traded fund’s stock worth $4,477,628,000 after buying an additional 1,533,114 shares during the last quarter. Barclays PLC lifted its stake in Invesco QQQ by 113.5% in the 2nd quarter. Barclays PLC now owns 5,777,618 shares of the exchange traded fund’s stock valued at $2,134,368,000 after purchasing an additional 48,423,350 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Invesco QQQ by 1.2% during the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after acquiring an additional 52,019 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Invesco QQQ by 6.1% during the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the last quarter. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Trading Up 0.4 %

QQQ stock traded up $1.82 during mid-day trading on Wednesday, hitting $442.93. 10,705,763 shares of the company were exchanged, compared to its average volume of 44,299,613. The business has a 50 day simple moving average of $435.73 and a 200-day simple moving average of $401.79. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34.

Invesco QQQ Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date is Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.52%.

Invesco QQQ Profile

(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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Institutional Ownership by Quarter for Invesco QQQ (NASDAQ:QQQ)

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