Oder Investment Management LLC Grows Holdings in Invesco QQQ (NASDAQ:QQQ)

Oder Investment Management LLC increased its position in shares of Invesco QQQ (NASDAQ:QQQ) by 6.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,696 shares of the exchange traded fund’s stock after purchasing an additional 208 shares during the quarter. Invesco QQQ makes up about 1.5% of Oder Investment Management LLC’s holdings, making the stock its 17th biggest position. Oder Investment Management LLC’s holdings in Invesco QQQ were worth $1,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in Invesco QQQ by 40,957.3% in the fourth quarter. International Assets Investment Management LLC now owns 28,332,433 shares of the exchange traded fund’s stock worth $11,602,698,000 after acquiring an additional 28,263,426 shares during the period. Envestnet Asset Management Inc. raised its position in Invesco QQQ by 1.2% in the third quarter. Envestnet Asset Management Inc. now owns 4,531,165 shares of the exchange traded fund’s stock worth $1,623,380,000 after acquiring an additional 52,019 shares during the period. Ameriprise Financial Inc. raised its position in Invesco QQQ by 6.1% in the third quarter. Ameriprise Financial Inc. now owns 4,259,295 shares of the exchange traded fund’s stock worth $1,530,696,000 after acquiring an additional 243,305 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its position in Invesco QQQ by 2.4% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,852,000 shares of the exchange traded fund’s stock worth $663,516,000 after acquiring an additional 43,000 shares during the period. Finally, CHURCHILL MANAGEMENT Corp raised its position in Invesco QQQ by 36.3% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 1,413,069 shares of the exchange traded fund’s stock worth $578,680,000 after acquiring an additional 376,661 shares during the period. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

QQQ stock traded down $2.91 during mid-day trading on Wednesday, hitting $421.68. The company had a trading volume of 15,404,583 shares, compared to its average volume of 45,524,574. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34. The stock’s fifty day moving average price is $436.86 and its two-hundred day moving average price is $411.54.

Invesco QQQ Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Tuesday, March 19th were given a $0.5735 dividend. This represents a $2.29 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend was Monday, March 18th.

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.