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

OVERSEA CHINESE BANKING Corp Ltd cut its holdings in Invesco QQQ (NASDAQ:QQQ) by 9.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,690 shares of the exchange traded fund’s stock after selling 11,130 shares during the period. 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 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Apollon Financial LLC boosted its stake in shares of Invesco QQQ by 0.4% in the third quarter. Apollon Financial LLC now owns 6,096 shares of the exchange traded fund’s stock valued at $2,975,000 after buying an additional 25 shares during the period. WealthPlan Investment Management LLC raised its holdings in Invesco QQQ by 1,040.1% in the 3rd quarter. WealthPlan Investment Management LLC now owns 11,150 shares of the exchange traded fund’s stock valued at $5,442,000 after acquiring an additional 10,172 shares in the last quarter. First National Trust Co raised its holdings in Invesco QQQ by 1.2% in the 3rd quarter. First National Trust Co now owns 7,005 shares of the exchange traded fund’s stock valued at $3,419,000 after acquiring an additional 86 shares in the last quarter. Fountainhead AM LLC lifted its position in shares of Invesco QQQ by 62.5% during the 3rd quarter. Fountainhead AM LLC now owns 3,336 shares of the exchange traded fund’s stock valued at $1,628,000 after acquiring an additional 1,283 shares during the period. Finally, Opinicus Capital Inc. grew its holdings in shares of Invesco QQQ by 0.7% during the 3rd quarter. Opinicus Capital Inc. now owns 7,773 shares of the exchange traded fund’s stock worth $3,794,000 after purchasing an additional 51 shares in the last quarter. 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 business has a 50-day simple moving average of $485.37 and a 200 day simple moving average of $472.57.

Invesco QQQ Cuts Dividend

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

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.