Invesco QQQ (NASDAQ:QQQ) Shares Sold by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. lowered its position in shares of Invesco QQQ (NASDAQ:QQQ) by 26.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 49,739 shares of the exchange traded fund’s stock after selling 17,440 shares during the period. Invesco QQQ comprises about 0.9% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 25th largest position. Fullerton Fund Management Co Ltd.’s holdings in Invesco QQQ were worth $25,428,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Invesco QQQ by 141.0% during the third quarter. Principal Financial Group Inc. now owns 19,399 shares of the exchange traded fund’s stock worth $9,468,000 after buying an additional 11,351 shares during the last quarter. Wealth Group Ltd. increased its holdings in shares of Invesco QQQ by 6.9% in the fourth quarter. Wealth Group Ltd. now owns 1,584 shares of the exchange traded fund’s stock valued at $810,000 after purchasing an additional 102 shares during the period. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in shares of Invesco QQQ by 4.4% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 3,115 shares of the exchange traded fund’s stock worth $1,592,000 after purchasing an additional 130 shares during the period. Watts Gwilliam & Co. LLC grew its position in Invesco QQQ by 17.4% in the 4th quarter. Watts Gwilliam & Co. LLC now owns 10,518 shares of the exchange traded fund’s stock valued at $5,419,000 after buying an additional 1,557 shares during the last quarter. Finally, Fortitude Family Office LLC increased its stake in Invesco QQQ by 5,417.6% in the 4th quarter. Fortitude Family Office LLC now owns 9,711 shares of the exchange traded fund’s stock valued at $4,964,000 after buying an additional 9,535 shares during the period. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock opened at $488.05 on Friday. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81. The company has a fifty day moving average of $467.78 and a 200-day moving average of $499.24. The stock has a market capitalization of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11.

Invesco QQQ Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date was Monday, March 24th.

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.