Astor Investment Management LLC Takes $507,000 Position in Invesco QQQ (NASDAQ:QQQ)

Astor Investment Management LLC bought a new position in Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, Holdings Channel.com reports. The fund bought 1,237 shares of the exchange traded fund’s stock, valued at approximately $507,000. Invesco QQQ accounts for approximately 0.2% of Astor Investment Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in QQQ. IMA Wealth Inc. lifted its stake in Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock valued at $695,000 after buying an additional 25 shares in the last quarter. S.A. Mason LLC lifted its position in shares of Invesco QQQ by 1.5% in the 4th quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock valued at $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC boosted its stake in Invesco QQQ by 0.4% in the 4th quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock worth $2,296,000 after purchasing an additional 25 shares during the period. Cedrus LLC grew its position in Invesco QQQ by 1.7% during the 4th quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock worth $596,000 after purchasing an additional 25 shares in the last quarter. Finally, Hartford Financial Management Inc. raised its stake in Invesco QQQ by 2.8% during the 4th quarter. Hartford Financial Management Inc. now owns 960 shares of the exchange traded fund’s stock valued at $393,000 after purchasing an additional 26 shares during the period. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Stock Performance

Shares of Invesco QQQ stock traded down $1.45 during midday trading on Wednesday, hitting $429.65. The company’s stock had a trading volume of 14,188,122 shares, compared to its average volume of 44,998,500. Invesco QQQ has a 1-year low of $309.89 and a 1-year high of $449.34. The stock has a 50-day simple moving average of $438.36 and a 200-day simple moving average of $407.27.

Invesco QQQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th will be given a dividend of $0.5735 per share. The ex-dividend date of this dividend is Monday, March 18th. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%.

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.