GAMMA Investing LLC Acquires New Shares in Invesco QQQ (NASDAQ:QQQ)

GAMMA Investing LLC acquired a new stake in Invesco QQQ (NASDAQ:QQQ) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 400 shares of the exchange traded fund’s stock, valued at approximately $167,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. IMA Wealth Inc. increased its position in shares of Invesco QQQ by 1.3% during the third quarter. IMA Wealth Inc. now owns 1,940 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 25 shares in the last quarter. S.A. Mason LLC increased its position in shares of Invesco QQQ by 1.5% during the fourth quarter. S.A. Mason LLC now owns 1,700 shares of the exchange traded fund’s stock worth $696,000 after acquiring an additional 25 shares in the last quarter. Lauterbach Financial Advisors LLC grew its position in Invesco QQQ by 0.4% in the fourth quarter. Lauterbach Financial Advisors LLC now owns 5,606 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 25 shares in the last quarter. Cedrus LLC grew its position in Invesco QQQ by 1.7% in the fourth quarter. Cedrus LLC now owns 1,456 shares of the exchange traded fund’s stock valued at $596,000 after purchasing an additional 25 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its position in Invesco QQQ by 3.1% in the fourth quarter. Waterfront Wealth Inc. now owns 840 shares of the exchange traded fund’s stock valued at $344,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 44.58% of the company’s stock.

Invesco QQQ Stock Up 1.5 %

Invesco QQQ stock opened at $431.00 on Friday. Invesco QQQ has a 1-year low of $315.05 and a 1-year high of $449.34. The company has a fifty day simple moving average of $436.88 and a 200 day simple moving average of $410.11.

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 given a $0.5735 dividend. This represents a $2.29 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, March 18th.

Invesco QQQ 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.