Deutsche Bank AG Lowers Holdings in Invesco QQQ (NASDAQ:QQQ)

Deutsche Bank AG decreased its holdings in Invesco QQQ (NASDAQ:QQQ) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 39,264 shares of the exchange traded fund’s stock after selling 1,016 shares during the quarter. Deutsche Bank AG’s holdings in Invesco QQQ were worth $20,073,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PayPay Securities Corp grew its stake in Invesco QQQ by 276.9% during the fourth quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after acquiring an additional 36 shares in the last quarter. Bridge Generations Wealth Management LLC bought a new stake in shares of Invesco QQQ in the fourth quarter worth about $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Invesco QQQ in the fourth quarter worth about $36,000. Roxbury Financial LLC bought a new position in Invesco QQQ during the fourth quarter valued at approximately $37,000. Finally, Hoese & Co LLP grew its holdings in Invesco QQQ by 32.3% during the 4th quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Price Performance

NASDAQ:QQQ opened at $518.68 on Thursday. The company has a market cap of $324.28 billion, a price-to-earnings ratio of 30.62 and a beta of 1.18. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $540.81. The stock’s 50 day simple moving average is $468.98 and its two-hundred day simple moving average is $499.70.

Invesco QQQ Cuts Dividend

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