Nan Shan Life Insurance Co. Ltd. Sells 53,227 Shares of Invesco QQQ $QQQ

Nan Shan Life Insurance Co. Ltd. reduced its stake in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 39.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,150 shares of the exchange traded fund’s stock after selling 53,227 shares during the quarter. Invesco QQQ makes up 1.9% of Nan Shan Life Insurance Co. Ltd.’s holdings, making the stock its 17th largest position. Nan Shan Life Insurance Co. Ltd.’s holdings in Invesco QQQ were worth $60,495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. University of Texas Texas AM Investment Management Co. bought a new position in shares of Invesco QQQ during the 4th quarter worth approximately $25,000. Shcp LLC purchased a new stake in shares of Invesco QQQ during the 3rd quarter valued at $27,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Invesco QQQ by 2,150.0% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 45 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 43 shares in the last quarter. Parvin Asset Management LLC acquired a new position in Invesco QQQ during the 1st quarter valued at about $28,000. Finally, High Point Wealth Management LLC increased its position in Invesco QQQ by 68.0% during the 2nd quarter. High Point Wealth Management LLC now owns 42 shares of the exchange traded fund’s stock valued at $31,000 after buying an additional 17 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Key Headlines Impacting Invesco QQQ

Here are the key news stories impacting Invesco QQQ this week:

Invesco QQQ Stock Performance

Shares of QQQ stock opened at $707.64 on Wednesday. Invesco QQQ has a fifty-two week low of $555.60 and a fifty-two week high of $748.65. The stock’s 50-day simple moving average is $710.99 and its 200-day simple moving average is $673.40.

Invesco QQQ Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.8135 per share. The ex-dividend date was Monday, June 22nd. This is an increase from Invesco QQQ’s previous quarterly dividend of $0.73. This represents a $3.25 annualized dividend and a dividend yield of 0.5%.

Invesco QQQ Company 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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