
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $99.03 Million Position in Invesco QQQ (NASDAQ:QQQ)

UBS AM, a unit of UBS ASSET MANAGEMENT AMERICAS LLC, reduced its stake in Invesco QQQ (NASDAQ:QQQ) by 12.9% in Q4, holding 193,700 shares valued at approximately $99.03 million. Other institutional investors also adjusted their positions in QQQ during the same period. The ETF's recent trading price was $509.24, with a market cap of $319.12 billion. Invesco QQQ recently paid a dividend of $0.7157 to shareholders of record as of March 24.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its position in Invesco QQQ (NASDAQ:QQQ - Free Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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.
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Several other institutional investors have also recently bought and sold shares of QQQ. Waverly Advisors LLC lifted its position in Invesco QQQ by 10.7% during the fourth quarter. Waverly Advisors LLC now owns 90,904 shares of the exchange traded fund's stock worth $46,473,000 after acquiring an additional 8,792 shares during the last quarter. Weitzel Financial Services Inc. boosted its holdings in Invesco QQQ by 8.8% in the 4th quarter. Weitzel Financial Services Inc. now owns 11,022 shares of the exchange traded fund's stock valued at $5,681,000 after purchasing an additional 894 shares during the period. Willis Johnson & Associates Inc. boosted its holdings in Invesco QQQ by 2.6% in the 4th quarter. Willis Johnson & Associates Inc. now owns 814 shares of the exchange traded fund's stock valued at $416,000 after purchasing an additional 21 shares during the period. Vident Advisory LLC grew its position in shares of Invesco QQQ by 160.6% during the 4th quarter. Vident Advisory LLC now owns 18,033 shares of the exchange traded fund's stock worth $9,219,000 after purchasing an additional 11,113 shares in the last quarter. Finally, Vienna Asset Management LLC grew its position in shares of Invesco QQQ by 3.4% during the 4th quarter. Vienna Asset Management LLC now owns 14,824 shares of the exchange traded fund's stock worth $7,579,000 after purchasing an additional 487 shares in the last quarter. Institutional investors own 44.58% of the company's stock.
Invesco QQQ Trading 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. The company has a 50 day moving average of $474.84 and a 200-day moving average of $500.92. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $540.81.
Invesco QQQ Cuts Dividend
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The business also recently disclosed a dividend, which was paid on Wednesday, April 30th. Shareholders of record on Monday, March 24th were issued a $0.7157 dividend. The ex-dividend date of this dividend was Monday, March 24th.
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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Want to see what other hedge funds are holding QQQ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Invesco QQQ (NASDAQ:QQQ - Free Report).
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