Sage Advisors LLC Buys 1,073 Shares of Invesco QQQ $QQQ

Sage Advisors LLC grew its stake in shares of Invesco QQQ (NASDAQ:QQQ) by 43.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,559 shares of the exchange traded fund’s stock after purchasing an additional 1,073 shares during the quarter. Invesco QQQ comprises about 1.5% of Sage Advisors LLC’s portfolio, making the stock its 14th biggest holding. Sage Advisors LLC’s holdings in Invesco QQQ were worth $2,137,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC grew its stake in shares of Invesco QQQ by 704,593.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 67,615,365 shares of the exchange traded fund’s stock valued at $37,299,340,000 after buying an additional 67,605,770 shares in the last quarter. 1832 Asset Management L.P. raised its position in Invesco QQQ by 100.0% during the second quarter. 1832 Asset Management L.P. now owns 2,115 shares of the exchange traded fund’s stock worth $1,167,000 after acquiring an additional 40,999,982 shares in the last quarter. Symphony Financial Ltd. Co. acquired a new stake in Invesco QQQ in the second quarter valued at $1,236,482,000. HRT Financial LP grew its position in shares of Invesco QQQ by 118.3% in the 2nd quarter. HRT Financial LP now owns 3,145,578 shares of the exchange traded fund’s stock valued at $1,735,226,000 after acquiring an additional 1,704,600 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Invesco QQQ by 42.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,895,265 shares of the exchange traded fund’s stock valued at $2,700,424,000 after acquiring an additional 1,457,109 shares during the period. Institutional investors own 44.58% of the company’s stock.

Invesco QQQ Stock Down 0.2%

Shares of QQQ stock opened at $613.12 on Monday. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $637.01. The firm’s 50-day moving average is $616.77 and its 200-day moving average is $590.32.

Invesco QQQ Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd were paid a $0.7941 dividend. This is a positive change from Invesco QQQ’s previous quarterly dividend of $0.69. This represents a $3.18 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, December 22nd.

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.