DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Reduces Position in Invesco QQQ (NASDAQ:QQQ)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main trimmed its holdings in Invesco QQQ (NASDAQ:QQQ) by 64.9% during the fourth quarter, HoldingsChannel reports. The firm owned 7,115 shares of the exchange traded fund’s stock after selling 13,151 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Invesco QQQ were worth $3,637,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. PayPay Securities Corp increased 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 worth $25,000 after acquiring an additional 36 shares during the last quarter. Bridge Generations Wealth Management LLC acquired a new stake in Invesco QQQ during the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Invesco QQQ during the fourth quarter worth about $36,000. Roxbury Financial LLC purchased a new position in Invesco QQQ during the fourth quarter worth about $37,000. Finally, Hoese & Co LLP boosted its holdings in 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 during the last quarter. 44.58% of the stock is currently owned by institutional investors and hedge funds.

Invesco QQQ Price Performance

Shares of NASDAQ QQQ opened at $488.05 on Friday. The company has a market capitalization of $305.84 billion, a P/E ratio of 28.58 and a beta of 1.11. The company has a 50 day simple moving average of $467.78 and a 200-day simple moving average of $499.31. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81.

Invesco QQQ Cuts Dividend

The firm also recently announced a dividend, which was paid on Wednesday, April 30th. Shareholders 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 Company 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.