Taikang Asset Management Hong Kong Co Ltd Acquires 2,410 Shares of Invesco QQQ $QQQ

Taikang Asset Management Hong Kong Co Ltd lifted its holdings in shares of Invesco QQQ (NASDAQ:QQQFree Report) by 60.3% during the fourth quarter, HoldingsChannel reports. The firm owned 6,404 shares of the exchange traded fund’s stock after acquiring an additional 2,410 shares during the quarter. Taikang Asset Management Hong Kong Co Ltd’s holdings in Invesco QQQ were worth $3,934,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Invesco QQQ by 11.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,547,591 shares of the exchange traded fund’s stock valued at $2,179,321,000 after buying an additional 375,581 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Invesco QQQ by 21.4% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 3,025,000 shares of the exchange traded fund’s stock worth $1,858,288,000 after acquiring an additional 534,000 shares in the last quarter. Analyst IMS Investment Management Services Ltd. increased its position in shares of Invesco QQQ by 68.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,750,079 shares of the exchange traded fund’s stock worth $1,075,091,000 after acquiring an additional 712,026 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Invesco QQQ by 142.4% during the fourth quarter. Bank of Montreal Can now owns 1,431,050 shares of the exchange traded fund’s stock worth $877,406,000 after acquiring an additional 840,803 shares during the period. Finally, US Bancorp DE raised its holdings in shares of Invesco QQQ by 0.5% during the third quarter. US Bancorp DE now owns 1,378,057 shares of the exchange traded fund’s stock worth $827,346,000 after acquiring an additional 7,378 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 1.9%

QQQ opened at $729.86 on Wednesday. Invesco QQQ has a 12 month low of $523.65 and a 12 month high of $748.65. The firm’s fifty day simple moving average is $686.99 and its 200 day simple moving average is $637.15.

Invesco QQQ Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were issued a $0.7328 dividend. This represents a $2.93 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, March 23rd.

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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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