187 Shares in Invesco QQQ (NASDAQ:QQQ) Bought by Signature Resources Capital Management LLC

Signature Resources Capital Management LLC acquired a new stake in shares of Invesco QQQ (NASDAQ:QQQ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 187 shares of the exchange traded fund’s stock, valued at approximately $77,000.

Several other hedge funds and other institutional investors have also made changes to their positions in QQQ. Red Tortoise LLC boosted its position in shares of Invesco QQQ by 370.0% during the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 74 shares during the period. Friedenthal Financial purchased a new position in Invesco QQQ during the 4th quarter worth $41,000. Bear Mountain Capital Inc. purchased a new stake in Invesco QQQ in the fourth quarter worth about $42,000. Core Wealth Advisors Inc. grew its holdings in Invesco QQQ by 33.3% during the 3rd quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock worth $43,000 after acquiring an additional 30 shares in the last quarter. Finally, Blume Capital Management Inc. increased its position in 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 purchasing an additional 3,500 shares during the period. Hedge funds and other institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Performance

NASDAQ:QQQ traded up $8.58 during trading hours on Friday, reaching $435.48. The company’s stock had a trading volume of 48,515,252 shares, compared to its average volume of 48,759,256. The stock has a 50 day moving average price of $436.53 and a two-hundred day moving average price of $412.18. Invesco QQQ has a 12 month low of $315.11 and a 12 month high of $449.34.

Invesco QQQ Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were paid a $0.5735 dividend. The ex-dividend date was Monday, March 18th. This represents a $2.29 annualized dividend and a yield of 0.53%.

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.