Metropolitan Life Insurance Co NY Sells 4,600 Shares of Invesco QQQ
Metropolitan Life Insurance Co NY reduced its position in Invesco QQQ (NASDAQ:QQQ) by 32.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,600 shares of the exchange-traded fund’s stock after selling 4,600 shares during the quarter. Invesco QQQ comprises about 1.9% of Metropolitan Life Insurance Co NY’s holdings, making it the company’s 9th largest holding.
Recent Transactions and Holdings Value
Metropolitan Life Insurance Co NY’s holdings in Invesco QQQ were worth $4,908,000 at the end of the most recent reporting period. Several other hedge funds and institutional investors have also recently bought and sold shares of QQQ. For instance, PayPay Securities Corp increased its stake in Invesco QQQ by 276.9% during the 4th quarter, now owning 49 shares valued at $25,000.
Other notable transactions include Bridge Generations Wealth Management LLC acquiring a new position in shares of Invesco QQQ worth $35,000, and Roxbury Financial LLC establishing a new stake worth $37,000. Hoese & Co LLP increased its stake by 32.3%, now owning 82 shares worth $42,000, while Midwest Capital Advisors LLC acquired a new stake valued at $51,000.
Market Performance and Dividend Information
Shares of NASDAQ QQQ opened at $443.82 on Friday. The business has a 50-day moving average of $482.54 and a 200-day moving average of $501.19. Invesco QQQ has a market capitalization of $284.56 billion, a price-to-earnings ratio of 30.05, and a beta of 1.11. The fund recently announced a dividend, with investors of record on Monday, March 24th receiving $0.7157 per share on Wednesday, April 30th.
Company Profile
Invesco QQQ 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. It allows investors to purchase units of beneficial interest representing proportionate undivided interests in the portfolio of securities held by the Trust, which substantially mirrors the component securities of the Nasdaq-100 Index.
44.58% of Invesco QQQ’s stock is currently owned by institutional investors and hedge funds. The fund has a 1-year low of $402.39 and a 1-year high of $540.81.
