UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 28,791 Shares of Invesco QQQ (NASDAQ:QQQ)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in Invesco QQQ (NASDAQ:QQQ) by 12.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 193,700 shares of the exchange traded fund’s stock after selling 28,791 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Invesco QQQ were worth $99,025,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in QQQ. Synergy Investment Management LLC bought a new stake in shares of Invesco QQQ during the 4th quarter valued at approximately $723,000. Grant Private Wealth Management Inc bought a new stake in shares of Invesco QQQ during the fourth quarter worth $815,000. Tandem Investment Partners LLC bought a new stake in shares of Invesco QQQ during the fourth quarter worth $4,623,000. Gemsstock Ltd. increased its holdings in shares of Invesco QQQ by 266.4% during the fourth quarter. Gemsstock Ltd. now owns 293,500 shares of the exchange traded fund’s stock worth $150,046,000 after buying an additional 213,400 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC lifted its stake in shares of Invesco QQQ by 1.8% in the 4th quarter. Wescott Financial Advisory Group LLC now owns 146,844 shares of the exchange traded fund’s stock valued at $75,071,000 after acquiring an additional 2,600 shares during the last quarter. 44.58% of the stock is owned by institutional investors.

Invesco QQQ Stock Down 0.9%

NASDAQ QQQ opened at $509.24 on Friday. The company has a market cap of $319.12 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $540.81. The business’s fifty day moving average is $474.84 and its 200 day moving average is $500.92.

Invesco QQQ Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Monday, March 24th were paid a dividend of $0.7157 per share. The ex-dividend date of this dividend was Monday, March 24th.

Invesco QQQ 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.