Invesco QQQ (NASDAQ:QQQ) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in Invesco QQQ (NASDAQ:QQQ) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 589,771 shares of the exchange traded fund’s stock after selling 66,075 shares during the period. Invesco QQQ accounts for 0.7% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 22nd largest position. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Invesco QQQ worth $273,514,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bridge Generations Wealth Management LLC acquired a new position in shares of Invesco QQQ during the 4th quarter worth approximately $35,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in Invesco QQQ during the fourth quarter worth approximately $36,000. Alpine Bank Wealth Management acquired a new position in Invesco QQQ during the first quarter worth $50,000. Banque Transatlantique SA purchased a new stake in Invesco QQQ in the 4th quarter valued at $57,000. Finally, Perritt Capital Management Inc purchased a new stake in Invesco QQQ in the 4th quarter valued at $61,000. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Up 0.3%

Shares of QQQ opened at $548.09 on Friday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $549.99. The stock has a fifty day simple moving average of $509.76 and a two-hundred day simple moving average of $504.06.

Invesco QQQ Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Monday, June 23rd will be issued a $0.5911 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Monday, June 23rd.

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.