Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in Invesco QQQ $QQQ

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Invesco QQQ (NASDAQ:QQQFree Report) by 73.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,235 shares of the exchange traded fund’s stock after selling 305,503 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Invesco QQQ were worth $64,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. 1832 Asset Management L.P. increased its holdings in Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after buying an additional 40,999,982 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in shares of Invesco QQQ during the 2nd quarter valued at approximately $1,236,482,000. HRT Financial LP increased its stake in shares of Invesco QQQ by 118.3% during the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock worth $1,735,226,000 after purchasing an additional 1,704,600 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Invesco QQQ by 42.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock worth $2,700,424,000 after purchasing an additional 1,457,109 shares during the last quarter. Finally, Kensington Asset Management LLC raised its holdings in shares of Invesco QQQ by 2,124.5% in the 2nd quarter. Kensington Asset Management LLC now owns 366,881 shares of the exchange traded fund’s stock worth $202,386,000 after purchasing an additional 350,388 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $633.22 on Thursday. The stock has a fifty day simple moving average of $618.32 and a two-hundred day simple moving average of $599.58. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $637.01.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd were paid a dividend of $0.7941 per share. This represents a $3.18 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 22nd. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69.

Key Stories Impacting Invesco QQQ

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

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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