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 filing with the SEC. The fund owned 82,150 shares of the exchange traded fund’s stock after selling 53,227 shares during the period. Invesco QQQ makes up 1.9% of Nan Shan Life Insurance Co. Ltd.’s investment portfolio, making the stock its 17th biggest 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 SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Flatrock Wealth Partners LLC bought a new position in shares of Invesco QQQ during the first quarter valued at approximately $924,000. Hegarty Advisors LLC purchased a new position in Invesco QQQ during the 1st quarter valued at $2,212,000. Ascension Capital Advisors Inc. grew its position in Invesco QQQ by 643.8% in the 1st quarter. Ascension Capital Advisors Inc. now owns 3,094 shares of the exchange traded fund’s stock valued at $1,786,000 after acquiring an additional 2,678 shares during the last quarter. First Bancorp Inc ME bought a new position in shares of Invesco QQQ in the second quarter worth about $677,000. Finally, Asset Allocation Strategies LLC purchased a new position in Invesco QQQ in the 1st quarter worth about $18,142,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 1.3%

Shares of QQQ opened at $707.64 on Wednesday. Invesco QQQ has a 1-year low of $555.60 and a 1-year high of $748.65. The company has a 50-day moving average of $710.99 and a 200 day moving average of $673.40.

Invesco QQQ Increases Dividend

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

Key Stories Impacting Invesco QQQ

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About Invesco QQQ

(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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