Invesco QQQ (NASDAQ:QQQ) is J.Safra Asset Management Corp’s Largest Position

J.Safra Asset Management Corp lowered its holdings in Invesco QQQ (NASDAQ:QQQ) by 18.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 328,616 shares of the exchange traded fund’s stock after selling 74,455 shares during the period. Invesco QQQ makes up 13.8% of J.Safra Asset Management Corp’s holdings, making the stock its biggest holding. J.Safra Asset Management Corp’s holdings in Invesco QQQ were worth $169,438,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. PayPay Securities Corp raised its position in Invesco QQQ by 276.9% in the 4th quarter. PayPay Securities Corp now owns 49 shares of the exchange traded fund’s stock valued at $25,000 after purchasing an additional 36 shares in the last quarter. Roxbury Financial LLC purchased a new stake in shares of Invesco QQQ during the fourth quarter worth approximately $37,000. Hoese & Co LLP raised its holdings in Invesco QQQ by 32.3% in the fourth quarter. Hoese & Co LLP now owns 82 shares of the exchange traded fund’s stock valued at $42,000 after acquiring an additional 20 shares in the last quarter. Midwest Capital Advisors LLC purchased a new position in Invesco QQQ in the fourth quarter worth approximately $51,000. Finally, Legacy Bridge LLC lifted its stake in Invesco QQQ by 60.0% in the third quarter. Legacy Bridge LLC now owns 120 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 45 shares during the last quarter. 44.58% of the stock is owned by hedge funds and other institutional investors.

Invesco QQQ Trading Down 0.3 %

Shares of NASDAQ:QQQ opened at $495.55 on Wednesday. Invesco QQQ has a 52 week low of $413.07 and a 52 week high of $540.81. The company’s 50 day moving average is $520.84 and its two-hundred day moving average is $503.87. The company has a market cap of $312.32 billion, a PE ratio of 33.43 and a beta of 1.11.

Invesco QQQ Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were issued a $0.8347 dividend. The ex-dividend date of this dividend was Monday, December 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.