Fullerton Fund Management Co Ltd. Cuts Stock Position in Invesco QQQ (NASDAQ:QQQ)

Fullerton Fund Management Co Ltd. trimmed its position in shares of Invesco QQQ (NASDAQ:QQQ) by 26.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,739 shares of the exchange traded fund’s stock after selling 17,440 shares during the quarter. Invesco QQQ accounts for approximately 0.9% of Fullerton Fund Management Co Ltd.’s investment portfolio, making the stock its 25th biggest position. Fullerton Fund Management Co Ltd.’s holdings in Invesco QQQ were worth $25,428,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of QQQ. PayPay Securities Corp boosted its stake in shares of Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after buying an additional 36 shares during the period. Bridge Generations Wealth Management LLC purchased a new position in Invesco QQQ in the fourth quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $36,000. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ in the 4th quarter valued at approximately $37,000. Finally, Hoese & Co LLP raised its holdings in shares of Invesco QQQ by 32.3% in the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after purchasing an additional 20 shares in the last quarter. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.0 %

Shares of QQQ stock opened at $488.05 on Friday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The company has a market cap of $305.84 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm has a fifty day moving average price of $467.78 and a 200 day moving average price of $499.24.

Invesco QQQ Cuts Dividend

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