Courier Capital LLC Grows Stock Holdings in Invesco QQQ (NASDAQ:QQQ)

Courier Capital LLC raised its stake in Invesco QQQ (NASDAQ:QQQ) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,466 shares of the exchange traded fund’s stock after purchasing an additional 28 shares during the quarter. Courier Capital LLC’s holdings in Invesco QQQ were worth $3,877,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QQQ. VisionPoint Advisory Group LLC acquired a new position in shares of Invesco QQQ in the 2nd quarter valued at $36,000. Core Wealth Advisors Inc. boosted its holdings in shares of Invesco QQQ by 33.3% in the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Invesco QQQ during the 2nd quarter valued at $44,000. Blume Capital Management Inc. lifted its holdings in shares of Invesco QQQ by 104.0% during the 3rd quarter. Blume Capital Management Inc. now owns 135 shares of the exchange traded fund’s stock valued at $48,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Buck Wealth Strategies LLC lifted its holdings in shares of Invesco QQQ by 71.4% during the 3rd quarter. Buck Wealth Strategies LLC now owns 156 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 65 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ opened at $444.83 on Thursday. The firm’s fifty day simple moving average is $433.08 and its 200 day simple moving average is $399.34. Invesco QQQ has a twelve month low of $304.77 and a twelve month high of $449.34.

Invesco QQQ Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, March 19th will be issued a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 annualized dividend and a dividend yield of 0.52%.

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.